Wednesday, 4 February 2015

Income-Splitting

Q35: Will a law be passed allowing income-splitting between parents in 2015?
Yes: 95%
No: 5%

The federal government has promised to allow income-splitting between parents in the upcoming federal budget.  CRA has already included this provision for the 2014 tax year.  Given this, it would be very awkward to not pass a law allowing income-splitting; it already seems to be in place in a de-facto sense.

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