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Tip 5 – Tax on Split Income | Tax on Passive Income

This note continues Tax Principal Raffaele Ruberto’s ten-week Friday Tax Tip series, helping business owners and their family members mitigate the new Tax on Split Income (“TOSI”) and upcoming Tax on Passive Income (“TOPI”) rules.

As always, if there are any topics you would like addressed, or have specific questions you need answered, just send an email to  

Tax on Split Income | Tip 5

The voting control of your private corporation might have been recommended for tax and non-tax reasons.

Now is the time to revisit the voting rights of your shares as giving up a portion of them may be the key to avoid the TOSI rules and allow dividend sprinkling with certain family members.

Please contact SB Partners to learn more, or to discuss any of our signature TOSI Solutions.

Tax on Passive Income | Tip 5

In order to reduce income derived from rental properties, it might be beneficial to start taking capital cost allowance to reduce the income subject to TOPI.

This strategy helps to preserves the corporation’s small business deduction.

Please contact SB Partners to learn more, or to discuss a variety of our signature TOPI Solutions. 

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