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. Follow us on Twitter - https://twitter.com/Madan_CA Like us on Facebook - https://www.facebook.com/MadanCharter... Add us on Google Plus - https://plus.google.com/u/1/108551869... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) 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... 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.
Income Splitting in Canada - Accountant Mississauga - YouTube |
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| Education | Upload TimePublished on 21 Oct 2010 |
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