That is exactly what I am thinking of.Jermyzy wrote: ↑Oct 6th, 2017 3:58 pmSo theoretically, could small business owners not create a trust as a shareholder of the business and transfer shares from business owner to the trust and have passive investments grow in the trust fund? The investments would then be protected from the new passive income tax rules like Trudeau's/Morneau's trust funds. Only downside is the added expense to create/administer the trust fund which may not be worthwhile for smaller businesses.
Find more people who are incorporated and find a legal way for all of us to work for the same business company and then continue to do all the things we used to do when we each had our own business.
The numbers will get us in the major leagues and potential savings can be achieved by sharing expenses