> But Canada lets business owners do a lot of income splitting with family members across different share classes. Particularly if you have children >18. Thank

> But Canada lets business owners do a lot of income splitting with family members across different share classes. Particularly if you have children >18. Thankfully, they're finally closing the loophole. Many doctors with private practices were reducing their tax burdens significantly by stating that their 14 year children were "medical receptionists". It's ridiculous to grant further tax avoidance loopholes to the already wealthy.