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Income tax – Income splitting, a new era

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  • A webinar is a live training activity which you must attend at the date and time indicated. You may access the training platform in your online file 7 days before the date of the webinar. We strongly recommend that you log in to the platform before the date of the webinar and follow the instructions in step 3 of your training path beforehand in order to test your computers’ configuration and prevent any connexion problems during your training activity.
  • Web conferences, web interviews, interactive training activities, webcasts and online training activities are recorded training activities. They can be accessed at all times after their availability date.

General objective

This training activity covers the tax benefits of income splitting, provides a detailed review of relevant income tax legislation, including the expanded TOSI rules, and reviews remaining opportunities to accomplish income splitting. Participants will have an opportunity to apply the tax legislation to various examples/case studies, to simulate practical real-life situations. 
 

Context

Families that function as a single economic unit can benefit from tax savings if income can be shifted to lower-income family members. This is referred to as income splitting. The Income Tax Act contains several measures related to income splitting. Some are permissive; most are restrictive.

The latest of these – the expanded “tax on split income” (TOSI) rules – became effective in 2018, and. their implications are far-reaching and punitive. Consequently, many former structures and plans will no longer achieve the intended results and may trigger adverse income tax consequences. In addition, some situations may be caught when income splitting was not an objective.  

Objectives

At the end of the training activity, the participant will be able to:
  • apply various "traditional" rules in the Income Tax Act that operate to specifically allow or prevent income splitting; apply the recently
  • expanded tax on split income ("TOSI") legislation to different situations;
  • identify former income splitting techniques that no longer achieve intended results;
  • recognize new potential strategies for income splitting..

Topics

  • Introduction/overview of income splitting
  • Traditional rules that impede income splitting
  • Expanded tax on split income ("TOSI") legislation
  • Recent CRA commentary on expanded TOSI legislation
  • TOSI examples/case studies
  • Strategies for successful income splitting 

Target audience

This course is designed for a CPA, with a solid knowledge of income tax basics, who advises individuals, professionals or business owners on matters related to income splitting.
 

Description complète


Aucune formation en salle trouvée

Webdiffusion


Séance(s)
Pour tous

Saison de formation : 2020-2021
No de séance : 2259
Accessible du : 2020-12-22, 00:00 au 2021-08-31, 23:59
Animateur : CPA BC
Durée : 3.50 h
Renseignements complémentaires :

Grille tarifaire

Séance disponible

Places illimitées

  Membre CPA Non-membre
À la carte 350,00 $ 450,00 $
Passeport CPA 350 CDP S/O
Passeport Multi-CPA 350 CDP S/O
Passeport Multi-usagers 350 CDP 450 CDP
Promo CPA 350 CDP S/O

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