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Moderator is Wayne Morris

Date: 1/2/2009 9:15:48 AM
Author: Billiam Country Flag
Subject: 3296/9305 - Re: Who's name to use...?
 
 
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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.


 
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