income splitting

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It’s Thanksgiving Weekend — But Did You Know Gifts to Family Members Can Have Tax Consequences?

Thanksgiving is a time for generosity. And for many Canadians, that generosity extends beyond the dinner table — parents helping adult children with a down payment, grandparents putting money away for grandchildren, spouses pooling and shifting investments to the partner in the lower tax bracket. These are natural, well-intentioned moves. But the Canada Revenue Agency […]
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Salary vs. Dividends: How Incorporated Business Owners Should Pay Themselves

If you own a Canadian corporation, one decision comes back around every single year: how do you actually get money out of the company and into your own hands? Salary? Dividends? Some mix of both? It’s the question I’m asked more than any other by incorporated clients, and it’s also the one most often answered […]
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