[Verse 1]
When you pack your life and move away
For a job that's forty clicks or more each day
Moving trucks and storage fees
Gas and hotels, if you please
Keep those receipts, they'll save the day
[Chorus]
M-C-S-P, other deductions we can see
Moving costs and childcare too
Support payments coming through
Pension splitting, miscellaneous
Tax planning so advantageous
M-C-S-P, building wealth strategically
[Verse 2]
Childcare costs while you're at work
Camps and daycare, don't you shirk
Seven thousand is the cap
Per child under seventeen, perhaps
Earned income sets the limit, don't go berserk
[Chorus]
M-C-S-P, other deductions we can see
Moving costs and childcare too
Support payments coming through
Pension splitting, miscellaneous
Tax planning so advantageous
M-C-S-P, building wealth strategically
[Verse 3]
Alimony payments made
After the divorce decree's laid
Periodic and required
Not a lump sum that's acquired
Deductible when properly paid
[Bridge]
Pension splitting with your spouse
Share that income through the house
Up to fifty percent can flow
To the lower bracket, watch it grow
RRSP room for the receiving spouse
[Verse 4]
Other income streams appear
Rental profits crystal clear
Investment gains and losses too
Universal childcare coming through
Death benefits and EI so dear
[Final Chorus]
M-C-S-P, other deductions we can see
Moving costs and childcare too
Support payments coming through
Pension splitting, miscellaneous
Tax planning so advantageous
M-C-S-P, your CPA strategy
[Outro]
Calculate and allocate
Optimize that tax rate
M-C-S-P, your pathway to CPA mastery