If a 10 year old child receives dividends from a private company owned by his mother, it will always be taxed as Split Income.

Question

Quizplus · Accepted Answer

According to Canada Revenue Agency (CRA), if a child under the age of 18 receives dividends from a private company owned by a related person, such as a parent, the income will be subject to the tax on split income (TOSI) rules. Therefore, the dividends received by the 10 year old child will be taxed as split income.

If a 10 Year Old Child Receives Dividends from a Private