Let’s Go Back to nagging our MP’s
As I record this weekly tip it is day 318 of 2017, which means there are 47 days left in the year. 47 days until the new TOSI rules come into effect. TOSI being what the cool kids call tax on split income.
The day grows ever closer, but we do not have any guidance on how the rules will be applied, since we have neither legislation nor any interpretation documents. We have been told that if we pay dividends to family members who are not active in the business that we will be charged the highest tax rate. We do not ... (Continue Article)