Course: Safe Income

Safe income is now of paramount importance in light of the broader ambit of subsection 55(2). This three hour course will focus on, inter alia, on situations when a safe income calculation is necessary; the basic components of safe income (what is included as safe income, and what is not); the distinction between safe income and safe income “on hand;” the allocation of safe income between different share classes, and recent CRA Views on safe income.

TOPICS (include):

Tightening of Safe Income Exception under subsection 55(2)
New Paragraph 55(5)(f)
When A Safe Income Calculation is Required
Elements of a Safe Income Calculation
Practical Examples
Recent Technical Interpretations on Safe Income Allocation
Triggering 55(2) Deliberately – New Traps and Issues.
Part IV Tax Trap