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Posted on 6-Apr-2017 10:48
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There are many opportunities for Canadian taxpayers to split their income with their family members to reduce taxes. Family trust remains one of the premier tax planning vehicles recommended by our expert Canadian tax lawyers. A family trust is used to income split is by having multiple family members, usually the spouse and the children, as beneficiaries of the trust. The trust earns income which is allocated for tax purposes to the different beneficiaries. The trustee has discretion as to how much income is allocated to each beneficiary. To seek assistance you can call us at 416-367-4222 or email us at [email protected].
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