Riscario

a consideration in income splitting

The attribution rules prevent you from avoiding or reducing tax by transferring, loaning or gifting property to a spouse or close family member

• doesn’t apply to transfers at Fair Market Value
• can pay interest on investment loans made by third parties
  • the loan interest is tax deductible to the lower income party (e.g., spouse)

The content is meant to be accurate when written. Be sure to use your judgment and consider consulting your advisors for help with your specific situation. Please send suggestions and corrections to info@riscario.com. Better still, why don't you or your advisors volunteer to make this wiki better?
Copyright, Taxevity, 2006 - 2011

thirtyseven.ca

Proud to be a Nominee for a Business Excellence Award from the Toronto Board of Trade. The category is Start-up/New Business. The reason is the innovative use of social media to build trust. You can use the same techniques too. Start painting your digital tapestry and keep going. Please?