Message Boards

Canadian Money and Tax Matters
Moderator is Wayne Morris

Date: 1/2/2009 9:15:48 AM
Frequently Asked Questions
Author: Billiam Country Flag
Subject: 3296/9278 - Re: Who's name to use...?
<= Previous              Post Response              Post New              Next =>
Message:
If your looking to have your wife registered as the sole owner of the accounts as long as she is the contributor to the funds for investment there should be no issue. This is actually a strategy widely used for effective income splitting.

However, if you plan to fund the contributions on her behalf for accounts in here name soley then the attribution rules under the income tax act will apply so best to be aware of their implications.


 
<= Previous              Post Response              Post New              Next =>

Support DIRC - Buy Amazon
Books purchased through the links in the Books section help support this website.
Even if you do not buy the linked book, any purchase where you originally got to Amazon.com through the link is beneficial.
Your support is appreciated.

Author Profile
  Number of Messages Past Six Months: 0
 
(Number in parenthesis is unread messages)
   DRiPs for U.S. Investors (21961)      DRiPs for Canadian Investors (39188)      Beginners Corner (19550)      U.S. Money and Tax Matters (4892)   
   Stock Talk (19931)      Overlooked Stocks (3217)      MoneyPaper Specials (2623)      Share Exchange (35167)   
   Brokerage, T.A., & Bank Accounts (3410)      Bugs and Recommendations (3159)