LF logo
by learnformula
search
Log in
search
Courses/Accounting & Tax/Income Tax

Income Tax - Income Splitting

Advanced Strategies in Income Tax: Navigating Income Splitting Challenges

Created byChris Dyck
4.5
(207 reviews)
AdvancedUpdated Jan 22, 2024
Income Tax - Income Splitting

What You'll Learn

check_circleNavigate income splitting regulations and guidelines with precision.
check_circleImplement effective strategies for minimizing tax in entrepreneurial ventures.
check_circleAssess the impact of tax policies on businesses and individuals.
check_circleAnalyze government policies and legislation concerning capital gains, passive income, and dividends.
check_circleUnderstand the complexities of income sharing legislation and related business structures.
check_circleApply exceptions to TOSI and comprehend separable income concepts.
check_circleAddress challenges and uncertainties in business operations, making informed adjustments.
check_circleDevelop comprehensive estate planning strategies, focusing on trusts and child beneficiaries.
check_circleEvaluate exemptions to business risk and return policies based on various contributions.

About This Course

Dive into the intricacies of income tax and explore the nuanced realm of income splitting with our comprehensive course. "Advanced Strategies in Income Tax: Navigating Income Splitting Challenges" delves into the latest regulations and strategies surrounding income sharing. From understanding tax policies and legislation to exploring exemptions, participants will gain expert insights into minimizing tax obligations. The course covers the impact of government policies on capital gains, passive income, and the evolving landscape of income sharing legislation in Canada. Strategies for business operations, tax exemptions, and estate planning are scrutinized, offering valuable knowledge for professionals seeking to optimize financial outcomes.

Key Topics discussed:

  • Income splitting regulations and guidelines from the Canada Revenue Agency.
  • Strategies for minimizing tax in entrepreneurship, including pension splitting and RRSPs.
  • Impact of tax policies on businesses and individuals, pre and post-July 18, 2017.
  • Government policies and legislation on capital gains, passive income, and dividends.
  • Detailed exploration of income sharing legislation, split income, and related businesses.
  • Exceptions to Tax on Split Income (TOSI) and understanding separable income.
  • Challenges and uncertainties in business operations, adjustments, and tax exemptions.
  • Estate planning and financial regulations, focusing on trusts and child beneficiaries.
  • Exemptions to business risk and return policies, considering various contributions.
  • Strategies for evasive measures under TOSI legislation, including asset sales and service income allocation.
  • Business strategies, tax implications, and future challenges in income sharing.

Your Instructors

Chris Dyck
Chris Dyck
menu_book2 courses
star231 reviews

As a Partner at Avisar, Chris brings over two decades of experience helping owner-managed businesses and small non-profit organizations. Chris is passionate about helping business owners grow successful businesses while minimizing their overall tax bill. Having trained with a mid-sized firm, Chris then moved on to gain experience with an international firm before joining Avisar. He is a hands-on advisor who takes time to listen to his clients’ concerns in order to provide practical proactive solutions.

Chris Mines
Chris Mines

Host

I have over a decade of multimedia experience as a desktop publisher, Livestream producer, PA announcer, webcast director, professor, emcee, and more. I am a radio broadcasting graduate with additional coursework in political science and journalism. I gained critical knowledge while shadowing veteran broadcasters. I have extensive training in creative writing, current affairs, freelancing, and story structure. I have crafted current affairs interviews with Justin Trudeau, Romeo Dallaire, Ed the Sock, Kenny and Spenny, and Mike MacDonald. I love working as a creative storyteller and having conversations with people from all walks of life. My goal is to connect with diverse voices and to foster discussions on complex issues while striving to make the conversations as accessible and inclusive as possible.

Credit Information

Do these courses count toward my professional development requirements?

This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.

If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.

What Students Are Saying

4.5
Student's Choice
207 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.