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Seriously? So for instance I could just pay myself double this year and nothing next year from my personal corporation, and my kid would somehow pass as having
by lordnacho 5y ago
Seriously? So for instance I could just pay myself double this year and nothing next year from my personal corporation, and my kid would somehow pass as having a low income parent?
Surely you have to count things like dividends, income in previous years, assets...
Failing that just make it clear that you know when you're tricking the system and fingers will be pointed.
- aiisjustanif 5y agoNope, FASFA doesn’t even look at previous years, you could be poor now and not later as far as they are concerned. We could do a lot more research into each families situation but that’s a lot of time,effort, and probably very expensive. You could also get married young and hide it.
- lordnacho 5y ago> You could also get married young and hide it. What's the significance of that?