Can you benefit from income splitting?

Ottawa Business Journal
March 25, 2024.

Despite the introduction of the Tax on Split Income (TOSI) rules in 2018, there are still ways for families to reallocate assets and related income to reduce the overall tax burden, writes Joelle Hall, Portfolio Manager, Wealth Advisor, Investment Advisor at Richardson Wealth.

Any method that can be used to reduce the household tax bill, allows for reinvestment of the tax savings that will further compound over time and ultimately build more wealth.

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