Accounting Design an income splitting strategy for a client who has a spouse who earns less than them, an adult child (over 18) and a minor child (4 person family). This strategy would allow them to avoid attribution rules. You can assume any facts you really want to regarding property/investments to make. Do assume that there is a business in play that is reported as the client’s on his return as business income.

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INCOME SPLITTING HOW THE NEW RULES WILL IMPACT YOU AND YOUR FAMILY On December 13 2017 the govt released new proposals designed to stop income splitting using private corporations Originally included ... View the full answer