Income Splitting in Canada Watch Video
Allan Madan, CPA, CA
Income splitting simply means subdividing your income amongst your family members in order to save taxes. Read More…
Disclaimer
The information provided on this page 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 on this page.
ABOUT THE AUTHOR
ALLAN MADAN
CPA, CA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
I incorporated my business on Nov. 3rd., 2014. Can I choose the reporting period Nov. 3rd., 2014 to Dec. 31st., 2015 ?
Hi Wes,
You can select any year end that you want so long as it is within 371 days from the date of incorporation.
I am not a director or officer of my ex husband’s corporate business. Am I responsible to pay his gst?
Hi Marcella,
No, you are not responsible for paying his GST/HST.