Hire Your Kids to Reduce Your Tax Bill

Take advantage of a tax strategy called "income shifting" to lower your taxable income.

In this segment from an Ask Me Anything session, I breakdown how you can pay your children up to $14,600 per year tax-free. This concept of income shifting can help lower your taxable income and build assets for your children's future but there are certain criteria that must be met.

I also address how to incorporate your family members into a family management company for MRP (Management Resource Planning) purposes. Learn about the advantages of shifting income to family members in lower tax brackets and the potential tax savings this can bring.

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