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Income Splitting for Canadian Businesses

Author: External Author | Mar 18, 2020 | Categories: Accountant , Bookkeeping , Business Consulting , CPA , Financial Statements , GST , Payroll , Tax Returns , Taxes

Income Splitting for Canadian Businesses

Income splitting is the transfer of income from a person in a higher income tax bracket to a family member in a lower income tax bracket. Because of the marginal tax rate in Canada, tax rates increase as your income rises.

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Original Article Source Credits: the balance smb, https://www.thebalancesmb.com/

Article Written By SUSAN WARD

Original Article Posted on : January 28, 2020

Link to Original Article: https://www.thebalancesmb.com/pay-less-canadian-income-tax-with-income-splitting-2947329



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Copyright © 2022
4918 49th Avenue, Grimshaw, Alberta - T0H 1W0
Join our mailing list
Powered By Webware.io
  • HOME
  • About Us
  • Services
    • Services
    • Bookkeeping Services
    • GST Return Preparation
    • Payroll Services
    • Year End Accounting Services
    • Personal & Corporate Tax Returns
    • Business Consulting Services
    • Taxation Reviews and Audits
  • Service Areas
    • Service Areas
    • Grimshaw
    • Peace River
    • Fairview
    • Manning
    • Rycroft
    • Grande Prairie
  • Blog
  • Contact Us