TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

The budget proposes two changes to the taxation of family trusts. First, the existing election to defer the application of the 21-year rule will be eliminated Janurary 1, 1999. Second, to restrict income splitting, the preferred beneficiary election mechanism will be repealed for taxation years of trusts that commence after 1995, exept for elections in respect of persons with mental or physical disabilities. [Office of the Superintendent of Financial Institutions].  2, record 1, English, - income%20splitting

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Procédé de planification fiscale qui consiste pour un contribuable imposé à un taux élevé à répartir son revenu entre les membres de sa famille, de façon à ce qu'il soit imposé entre les mains de personnes soumises à un taux d'imposition inférieur.  3, record 1, French, - partage%20du%20revenu

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

... at any time[,] the estate that arose on and as a consequence of the individual’s death, if that time is no more than 36 months after the death of the individual and the estate is, at that time, a testamentary trust.  3, record 2, English, - graduated%20rate%20estate

Record number: 2, Textual support number: 1 CONT

The graduated rate estate(GRE) has become an important estate planning tool... Most trusts are subject to taxation at the highest marginal tax rate. A GRE allows the estate to use graduated tax rates up to three years post death, providing significant tax savings and the opportunity for income splitting.  2, record 2, English, - graduated%20rate%20estate

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

[...] à un moment donné[,] succession qui a été établie au décès du particulier ou par suite du décès, si ce moment suit le décès d'au plus 36 mois et que la succession est, à ce moment, une fiducie testamentaire.  4, record 2, French, - succession%20assujettie%20%C3%A0%20l%27imposition%20%C3%A0%20taux%20progressifs

Record number: 2, Textual support number: 1 CONT

La succession assujettie à l'imposition à taux progressifs (SAIP) est devenue un outil de planification successorale important [...] La plupart des fiducies sont soumises à l'impôt au taux marginal le plus élevé. Une SAIP permet à la succession d'utiliser des taux d'imposition progressifs jusqu'à trois ans après le décès, ce qui permet de réaliser d'importantes économies d'impôt et de fractionner les revenus.  5, record 2, French, - succession%20assujettie%20%C3%A0%20l%27imposition%20%C3%A0%20taux%20progressifs

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 OBS

family income splitting : term extracted from the “Glossaire de l'économie” and reproduced with permission of the Organisation for Economic Co-operation and Development.  2, record 3, English, - family%20income%20splitting

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 OBS

système du quotient familial : terme extrait du «Glossaire de l’économie» et reproduit avec l’autorisation de l’Organisation de coopération et de développement économiques.  2, record 3, French, - syst%C3%A8me%20du%20quotient%20familial

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 OBS

Couples with children under the age of 18.  1, record 4, English, - income%20splitting%20for%20couples%20with%20children

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 OBS

Couples ayant des enfants âgés de moins de 18 ans.  1, record 4, French, - fractionnement%20du%20revenu%20pour%20les%20couples%20ayant%20des%20enfants

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  French

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 OBS

Source(s): Employer Compliance Audit Risk Assessment Study.  1, record 6, English, - income%20splitting%20between%20family%20members

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 OBS

Source(s) : Étude d'évaluation des risques pour la vérification du niveau d'observation des employeurs.  1, record 6, French, - fractionnement%20du%20revenu%20entre%20les%20membres%20de%20la%20famille

Record 6,  Textual support,  Spanish