New tax relief will save small businesses more than half a billion dollars over two years September 11, 2014 – Toronto, Ontario – Department of Finance Minister of Finance Joe Oliver today announced more action by the Harper Government to create jobs, growth and long-term prosperity: the introduction of the new Small Business Job Credit
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Canada Revenue
Income Splitting
on April 16th, 2012
Under our current tax system, the higher one’s income; the greater the percentage of taxes that must be paid to CRA. As a result, a family with 2 people earning $50,000 each would pay far less taxes than a family with one person earning $100,000. With this in mind, it makes sense to spread income among family members in order to lower the overall tax burden.
