Sample case; A wife earns about $35,000 a year the husband earns about $20,000.The husband pays all expenses at home and supports his wife.They each have children from a previous marriage.They are adults and do not live at home.The wife spends her income on other real estate,travel and her children.When the income is combined at incometaxtime the husband gets no rebates of any kind and pays more income tax.The wife,s income is mainly incometax free.
2007-07-25 04:26:56 · 2 answers · asked by Don Verto 7 in Business & Finance ➔ Taxes ➔ Canada
Regardless of how the two individuals have chosen to structure their affairs, the GST rebates are based on household income, period. If the husband doesn't like how his wife is spending "her" money, then he should take it up with her. If you're talking about the spousal amount itself, they both make too much to claim that deduction.
We are missing a piece of the puzzle; the type of income she's earning must be dividend income, exempt income, or something other than employment income in order for her taxes to be lower than his.
2007-07-25 17:29:21 · answer #1 · answered by CanadianBlondie 5 · 0⤊ 0⤋
file separately. if wifey is investing in real estate- there is her tax break. seems to me this couple should share equal responsibility for household expenses.
2007-07-25 04:35:43 · answer #2 · answered by shar71vette 5 · 1⤊ 0⤋