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Courses/Tax/Income Tax *

Tax on Split Income (TOSI)

The fundamentals with examples and exceptions.

Created byParveen Sidhu
BeginnerUpdated Sep 17, 2023
Tax on Split Income (TOSI)

What You'll Learn

check_circleDefine key Tax on Split Income terms.
check_circleIdentify various split income types.
check_circleApply Tax on Split Income exceptions.
check_circleRecognize excluded share rules.
check_circleAnalyze relevant CRA interpretations.
check_circleUse the simplified TOSI flow chart.

About This Course

Tax specialist Parveen Sidhu, CPA, CA leads this comprehensive 1-hour course covering the fundamentals of the TOSI – Tax on Split Income rules (Canadian tax). The course will go over the many definitions found in Subsection 120.4(1), such as split income, specified individual, source individual, and related business.

She will take you through the exceptions to TOSI and when they are applicable. There will be meaningful examples to help understand TOSI, and she will cover CRA's views and other resources that are helpful to understand the TOSI rules.

AGENDA

  • Introduction including the history of TOSI
  • Subsection 120.4(1) definitions to understand when TOSI applies
  • Exceptions to TOSI such as excluded amount, excluded shares, and excluded business
  • Examples
  • CRA views
  • Resources that may be helpful to use

At the end of this course, you will have a better understanding of TOSI, when it applies, and the exceptions to TOSI. You will be able to help structure your clients in a way to ensure TOSI does not apply.

Your Instructor

Parveen Sidhu
Parveen Sidhu

CPA, CA

menu_book4 courses
star1,136 reviews

CPA | In-Depth Tax Certificate 👩🏽‍💻🇨🇦 Your Virtual Tax Coach 💰 🧠 I’m Parveen - a CPA, mom, and a creator who enjoys building value-add content. I’ve worked in public accounting for years, and along the way, I realized how outdated and dry most PD content feels. 👩🏽‍💻 I believe that CPAs deserve engaging, practical education that genuinely enhances their careers. That’s why I’m dedicated to developing PD-accredited courses that are not only informative but also enjoyable. Let’s transform professional development into an experience that truly helps you become a better planner. 📈

Credit Information

What Students Are Saying

4.5
Student's Choice
81 reviews

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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