In Canada; the spouse who provides money for an investment is taxable on the earnings. If one spouse is in a lower tax bracket, or you expect one spouse will be mostly staying home with the responsibility of managing the household, or one spouse is expected to earn more because of their expected career advancements or business ventures; then you must make plans […]
When you decide to be an entrepreneur; you empower yourself with the rights to organize a business venture. Entrepreneurship encourages the building of prosperity and the creating of greater opportunities for your family and/or you. Using expert knowledge seek all the enriching and beneficial rewards that are available to you as an entrepreneur. Knowledge and organization are the keys to […]
To receive additional discretionary income (without having to earn more) involves making beneficial life style choices and decisions so that your family pays less income taxes overall. This should be your mantra for additional wealth gathering – how can I use income splitting?
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