TaxMatters@EY - April 2014
Building a better working world means understanding your tax situation and how the ever-changing global tax landscape affects you. TaxMatters@EY is a monthly Canadian bulletin that summarizes recent tax news, case developments, publications and more.
Many parents set up informal trusts to split income with their minor children, but these arrangements often don’t allow the parents to control the income once the child becomes of majority age. We explore how to formalize informal trusts so parents can maintain control over the income.
The April issue also features:
- Five tax questions to avoid costly implications when operating in the cloud
- An update on the CRA’s charity audits
- How strategic divestments can drive value for businesses
- A warning from the CRA on phishing and other schemes
You’ll find all this and more in this edition of TaxMatters@EY.