Taggart posted
I've been poking around the TMX site as well and found this that was interesting.TMX’s free stock screener fits the bill for Canadians
Property transferred between spouses is subject to attribution:
If the higher earner transfers property to the lower earner for investment purposes, resulting income from the investment is taxed in the hands of the transferor.
Exceptions include:
◦Tax-Free Savings Account contributions.
◦Registered Disability Savings Plan (RDSP) contributions.
◦Spousal RRSP contributions.
◦Income resulting from transactions in which bona fide "inter-spousal" loans are drawn up to transfer the capital and interest is actually paid to the lender at least once a year during the year or within 30 days after the year end.
◦Profits resulting from investments in a business, as described above.
◦Transfers resulting from marriage breakdown.
◦Income on property after it is inherited.
http://www.tmxmoney.com/en/knowledge/ta ... pital.html
Income on property that was inherited???
So if the wife inherits a million dollars she can give me $500,000 or any amount and the income earned on it is mine not attributed back to her