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| Minor Children's Income |
Should the income of spouses or minor children be included in the taxpayer’s total income?
If the spouse or minor children of a taxpayer are not taxpayers themselves, but they have any form of income, then such income shall be included in the total income of the spouse or parent who is a taxpayer.
Explanation (for clarity):
This rule ensures that the income of a non-taxpaying dependent
spouse or minor child is added to the taxable income
of the family member who is legally responsible for filing returns.
It helps prevent tax evasion through income
splitting within a family.
Tags:
income Tax Act-2023