Watch a qualified CPA instructor teaching the course and access a copy of the same course material that is provided to attendees of an in-person session. 

After registering for a Video on Demand course, CPA Saskatchewan will send you information on how to access the course within 2 business days.

Click HERE for more information on Video-On-Demand courses.

OBJECTIVE: 
Families that function as a single economic unit can benefit from tax savings if income can be taxed in the hands of lower-income family members. This is referred to as income splitting. The Income Tax Act contains several measures related to income splitting; and while 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

WHO WILL BENEFIT:
CPAs — with a solid knowledge of income tax — who advise individuals, professionals or business owners on matters related to income splitting.

LEARNING OUTCOMES:
At the end of the course, participants 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, and
• recognize new potential strategies for income splitting.

PREREQUISITE:
General income tax knowledge, both personal and corporate. Prior experience with income splitting or remuneration strategies for owners of private corporations would be helpful, although not critical