This newsletter addresses an often-overlooked area in tax planning—the ability to transfer dividend income between spouses under subsection 82(3) of the Income Tax Act (the “Act”)—including a dimension involving the Tax on Split Income (“TOSI”) rules that is rarely discussed. This can produce meaningful results when applied correctly. TRANSFERRING DIVIDENDS BETWEEN SPOUSES Many practitioners are unaware of this provision, and the mechanics of the subsection 82(3) election and
