If you have an incorporated business and pay yourself, family members or other employees a wage or dividends from your company then your company is required to file a Tslip information return to the CRA by no later than February 28th each year to report these payments. Slips must also be issued to recipients by [...]
Posts from ‘February, 2011’
Spousal Loans – How do they work?
Spousal loans can work great in certain tax situations to shift investment income from a higher taxed spouse to a lower taxed one while also avoiding triggering the infamous “attribution rules” in the Income Tax Act. This can result in significant tax savings that compound from year to year. Share on Facebook
