Hiring your spouse isn’t the easy income splitting tax dodge some people assume

With the top marginal personal tax rate exceeding 50 per cent in more than half the provinces in Canada, it’s no surprise that some taxpayers are looking at ways to income split with a spouse or common-law partner. In a province like Ontario, where the top marginal tax rate is 53.5 per cent and the bottom rate is 20 per cent, that’s a spread of over 33 per cent. Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/taxes/hiring-your-spouse-isnt-the-easy-income-splitting-tax-dodge-some-people-assume
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