(September 29 – 10:30 ET) –
Income-splitting will get harder
after the 1999 federal budget, says
the Senior Manager of the tax
practice group at Deloitte &
Touche in Toronto.

Canadian tax authorities have
suffered a string of recent defeats
in court. That, plus the increased
prevalence of income-splitting
schemes, have resulted in proposed
new rules by Revenue Canada to tax
split income, says Heather Evans.
She was speaking yesterday at the
51st Annual Canadian Tax Federation
Conference in Montreal.

Research data shows that
income splitting, particularly
the practice of “dividend
sprinkling” from parents to
children has been rampant. Evans
quoted from a soon-to-be-released
Canadian Tax Foundation paper that
shows a five-fold increase in
dividend income reported by
individuals under 20 years of age
between 1986 to 1996.

IE Staff