SESSION OVERVIEW:

This module will provide a detailed analysis of the Tax on Split Income ("TOSI") rules, including examples of situations typical for the owner manager. There will also be a discussion on alternative forms of remuneration where TOSI applies.

APPROACH:

It is critical for professional advisors to understand the implications and planning alternatives available for professionals subject to the TOSI rules on dividend distribution to non-active family members, in particular to provide timely advice to their clients in pre- and post-retirement.

WHAT YOU WILL LEARN:

• An understanding of the TOSI rules, including the ability to recognize potential issues within your own clients
• An understanding of the new rules for earning passive income within a corporation, and the ability to understand and relate planning opportunities

LEARNING ACTIVITIES: To test the learning process, the student will answer multiple-choice questions and contemplate the role of the advisor.