Updated:
Glossary term
TOSI — Tax on Split Income
Tax on Split Income — CRA anti-income-splitting rule (2018). Dividends/income from CCPC to family members taxed at highest marginal rate unless they're 'actively engaged' (≥20 hrs/week average).
Related terms
IPP
Defined-benefit pension plan for a single employee (usually owner-manager of CCPC, physician in MPC). Allows…
RSU
Restricted Stock Unit — equity compensation where company promises shares after vesting. FMV at vesting day a…
ESPP
Employee Stock Purchase Plan — payroll-deducted contributions to buy company stock at a discount (typically 1…
Eligible Investor
Investor category for exempt market securities (NI 45-106): (a) net assets $400K+ alone or with spouse, OR (b…
Accredited Investor
Higher exempt-market tier: (a) income $200K solo / $300K with spouse 2 of last 2 years, OR (b) net financial…
EMD
Exempt Market Dealer — CSA-licensed firm category that distributes exempt market securities (MICs, private RE…
Want this explained for your situation?
30-minute discovery call, no fee — we'll show how this term applies to your specific case.
Free discovery call