Entrepreneurship & Small Business

Issuing shares for income splitting

  • Last Updated:
  • Aug 9th, 2018 8:00 pm
[OP]
Newbie
Apr 13, 2010
41 posts
19 upvotes
Mississauga

Issuing shares for income splitting

Hi RFD,
I have an incorporation with 2 different classes of shares, and I'm looking for some help in the process of distributing shares to my spouse for income splitting purposes. I have talked to my accountant and he said that he is unfamiliar with this process as he has a legal professional who does everything for him. I'm curious to know if there are anybody on RFD that provides such a legal advice. Please leave a PM if you do.
2 replies
[OP]
Newbie
Apr 13, 2010
41 posts
19 upvotes
Mississauga
Hey @seremenko, thanks for the link. That discussion post explains what to do, but not really how to do it. To be more specific, what I'm looking for is guidance on what is the legal way to assign X amount of class B shares to her for CRA to consider her a shareholder of my corporation, i.e. what legal documents, forms and/or processes do I need to complete?

Top

Thread Information

There is currently 1 user viewing this thread. (0 members and 1 guest)