Posted on 15-Mar-2017 18:09
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Despite the fact that the Canadian Income Tax Act contains rules designed to prevent income splitting in some situations, there are many opportunities for tax planning for Canadian taxpayers to split their income with members of their family while maintaining full compliance with the requirements of Canadian income tax law. It is often possible for business owners to arrange their affairs so that they can split income with their spouse and adult children. To seek assistance you can call our Canadian tax law firm at 416-367-4222 or email us at [email protected].
