What do you think about the following comment: (taken from this thread http://forums.redflagdeals.com/little-k ... ds-387941/ - the CRA link does not work)
"Generally, when you invest your money in your child's name, you have to report the income from those investments. However, if you deposited Canada Child Tax Benefit or Universal Child Care Benefit payments into a bank account or trust in your child's name, the interest earned on those payments is your child's income."
Does this rule only apply to interest or all income (capital gains, dividends, interest)
What about Rev Quebec as RQ always have their special and 'distinct' way of taxing - seemingly always to their benefit