“Kiddie Tax”
The “kiddie tax” in section 120.4 of the Canadian Income Tax Act generally applies to income of a child under 18 attributable to dividends or shareholder appropriations from a private corporation designed to split income. The kiddie tax is not applicable to capital gains.
David J.Rotfleisch,C.A., J.D.
Tax And Business Lawyer,
David J. Rotfleisch, C.A., J.D.
Rotfleisch & Samulovitch Professional Corporation
Barristers & Solicitors
121 Richmond Street West
Suite 803
Toronto, Ontario
M5H 2K1, PH :- 416-367-4222 Fax 416-367-8649
