Can the owner of an incorporated business reduce the overall tax burden by having his two children

Question:

Can the owner of an incorporated business reduce the overall tax burden by having his two children own shares of the corporation through a trust? The corporation would pay dividends to the trust and the trust would distribute the dividends to the children. The children are not involved in any aspect of the business.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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