Unlock significant tax savings by mastering advanced income-splitting strategies while expertly navigating the complex landscape of attribution rules.
This webinar will explain how to split income and save thousands of dollars a year in income tax. Avoiding the attribution rules (which can stop you from income splitting) will also be discussed. There are numerous examples to explain everything needed for you to successfully save on tax.
Features included:
• What is income splitting and federal and provincial (and territorial) graduated tax rates
• How you can save tax by splitting income with lower-income family members
• What are the attribution rules that can stop your tax planning from working and how to avoid the attribution rules
• Prescribed rate loans and transfers to spouses, related minors, trusts, partnerships, and corporations
• How to split business income, the tax on split income (TOSI), and exceptions to TOSI
• Corporate attribution, how to avoid it, and the election for transferring dividend income
• Splitting CPP/QPP and pension income and using spousal RRSPs
CPA, CA, M.Acc
Jason Fleming is a Chartered Professional Accountant (CPA), Chartered Accountant (CA) with a master’s degree in accounting. Jason is an associate professor, teaching stream, at York University, previously he was a tax manager at a Big-4 accounting firm in Toronto. Jason completed the CICA’s In-Depth tax course, ranked 8th in Ontario on the UFE (the CA professional exam) and taught tax week at the ICAO's Summer School. Jason is the author of CFE Tax, 9th edition, CFE Case Writing, 3rd edition and various tax articles.
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