Income Splitting in Canada – Accountant Mississauga

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How can I income split in Canada?

Income splitting simply means subdividing your income amongst your family members in order to save taxes. It’s an easy concept to understand but is practically difficult to implement.

As an Accountant Mississauga, I have provided easy-to-follow examples below, which you can use to achieve Income Splitting in Canada.

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Table Of Contents

00:22 – What Is Income Splitting?
00:40 – Spousal Loan
01:33 – Spousal RRSPs
02:33 – Pay Salaries To Family Members *only if you’re a business owner*
03:37 – Gifts To Children

Allan Madan is an Accountant in Mississauga, Ontario, Canada and Tax Expert. He continually focuses on helping his clients beat the taxman with innovate tax strategies, including Income Splitting in Canada.

If you found this article useful, I encourage you to visit my website http://madanca.com for additional tax tips in Canada.

Also, get access to my free report, “20 Free Tax Secrets on How to Beat the Tax Man,” by visiting http://www.siteproweb.com/20-free-tax-secrets-from-allan-madan

Disclaimer:

The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.

Comments

J H says:

You are awesome!! Great information, you are the best! Keep it up man!!

JP Biscaro says:

Thanks for the info keep it up

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