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How Will The New Tax on Split Income (TOSI) Rules Affect Your Farming Operation?

1:00 pm Thursday, January 24

MNP Theatre

Photo of Edith Frison

Speaker

The 2018 federal budget brought significant changes in legislation regarding the taxation of amounts paid to family members. In many situations, the ability to access multiple graduated tax rates has been eliminated or severely reduced. Despite these changes, there are still opportunities to reduce the tax cost of taking cash out of your business. Please join Edith for an informative discussion on how the new tax on split income (TOSI) rules apply to your farming operation and how you may still be able to income split with your family.