We hear about splitting income with our spouse and children, but there are rules you must follow in order to stay on the right side of the CRA. To help us with the discussion is David Barnsdale. David is a Certified Financial Planner with The Barnsdale & Hussain Wealth Management Group of RBC Dominion Securities. He has extensive experience working with Family businesses to help them maximize the wealth generated from the family business and shelter those hard earned dollars from the nasty taxman.
