- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
report the investment income according to the attribution rules, not by the name on the slip.
It is reported in proportion to who invested their money.
"According to the CRA, interest earned on a joint account requires proportionate tax reporting, where each owner of a joint account reports their individual portion of the total interest. In other words, taxes are paid on the interest according to how much each co-holder contributed to the account."
March 21, 2024
3:32 PM