Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 22 DECEMBER 2017

Tax On Split Income Flowchart

Moodys Private Client Law
Explore more from Moodys Private Client Law

Knowing whether or not the Tax on Split Income rules apply to your situation can be difficult. We've created a simplified flow chart to help you navigate the various factors that may affect...

CanadaTax
Kenneth Keung
Kenneth Keung
Author LinkedIn connections

Knowing whether or not the Tax on Split Income rules apply to your situation can be difficult. We've created a simplified flow chart to help you navigate the various factors that may affect how the TOSI applies to you and your family.

To view the flow chart please click here.

Moodys Gartner Tax Law is only about tax. It is not an add-on service, it is our singular focus. Our Canadian and US lawyers and Chartered Accountants work together to develop effective tax strategies that get results, for individuals and corporate clients with interests in Canada, the US or both. Our strengths lie in Canadian and US cross-border tax advisory services, estateplanning, and tax litigation/dispute resolution. We identify areas of risk and opportunity, and create plans that yield the right balance of protection, optimization and compliance for each of our clients' special circumstances.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Cryptocurrency Held Through A Bare Trustee: Tax Treatment And The 2026 Reporting Obligations

If you hold cryptocurrency, NFTs or other blockchain assets in someone else’s wallet, or hold assets in your own wallet for someone else, the arrangement is very likely a bare trust. Until recently, that carried almost no compliance consequence. It now carries three reporting obligations to track: the T3 filing for 2026, the T1135, and the proposed Crypto-Asset Reporting Framework from 2027.
CanadaTax
Rotfleisch & Samulovitch P.C.
Rotfleisch & Samulovitch P.C.
Article

How To Appeal The Toronto Vacant Home (VHT) Tax: Here’s What One Landlord Did To Fight VHT Assessment

Since 2022, the City of Toronto has imposed an annual Vacant Home Tax (VHT) on residential units left unoccupied for more than six months of the year. For most owners the tax is an afterthought: file the annual declaration, confirm the unit was lived in, and move on. But when the City’s administrative process breaks down, an owner can find themselves fighting a five-figure tax bill over a unit they insist was never vacant at all.
CanadaTax
Rotfleisch & Samulovitch P.C.
Rotfleisch & Samulovitch P.C.
Article

Canadian Prime Minister Announces ‘Productivity Mega Deduction’

Canada's new Productivity Mega Deduction permanently provides immediate expensing for a wide range of depreciable property and Canadian development expenses, dramatically expanding the scope beyond the previously announced Productivity Super Deduction. The measure aims to reduce Canada's marginal effective tax rate on new business investment to 6.4%, positioning it as the lowest among major economies and less than half the U.S. rate.
CanadaTax
Osler, Hoskin & Harcourt LLP
Osler, Hoskin & Harcourt LLP
Article

Productivity Mega Deduction: Key Tax Measures Announced At The Canada Investment Summit

Canada has introduced a permanent Productivity Mega Deduction allowing immediate expensing of up to 100% of eligible capital property costs and Canadian development expenses acquired after September 15, 2026. This measure aims to boost business investment and strengthen Canada's tax competitiveness by expanding immediate expensing eligibility from 15% to approximately two-thirds of capital investments, while reducing the country's marginal effective tax rate to 6.4%.
CanadaTax
McCarthy Tétrault
McCarthy Tétrault
Article

US Passes New Automatic Military Draft Legislation. Will It Drive More Young US Expats To Renounce?

Starting December 2026, the US will automatically register eligible young men for Selective Service using government data systems, eliminating the need for self-registration. For US citizens living abroad and their children, this administrative shift introduces significant implications regarding military draft obligations, particularly for dual citizens who may have never lived in the United States. Families are increasingly examining how this development intersects with broader considerations around citize
United StatesImmigration
Moodys Private Client Law
Moodys Private Client Law
Article

US Expats Face Another Tax Setback In The Courts: Is It Time To Finally Renounce US Citizenship?

Recent US court rulings have confirmed that foreign tax credits cannot offset the Net Investment Income Tax for American citizens living abroad, creating an additional layer of taxation even when income is already taxed in their country of residence. These decisions raise critical questions about the long-term viability of maintaining US citizenship for entrepreneurs and business owners who have permanently established their lives outside the United States.
United StatesTax
Moodys Private Client Law
Moodys Private Client Law
Article

Do You Now Have Canadian Citizenship Via The New Bill C-3? Will More American-Canadians Have Dual Citizenship To Renounce Their US Passports?

Bill C-3 has opened doors for thousands of Americans to claim Canadian citizenship through ancestry, but this newfound status comes with an unexpected complication. Despite holding a Canadian passport and living permanently in Canada, US citizens remain subject to IRS tax obligations and reporting requirements that can create significant financial and administrative burdens for dual citizens.
CanadaTax
Moodys Private Client Law
Moodys Private Client Law