Correct. TOSI is the Tax on Split Income form.
Prior to TY18, the TOSI applied the highest marginal tax rate (currently 33%) to "split income" of an individual under the age of 18. In general, an individual's split income includes certain taxable dividends, taxable capital gains and income from partnerships or trusts. Now, these rules apply to individuals under 25.
- Return to the Review section. It's because you haven’t addressed the Yes/No TOSI issue.
- All you need to do is either go to the Review section or go to the TOSI page itself (see screenshot attached) and answer No to the question.
- If you have answered Yes to TOSI. You have to wait until the TOSI forms are ready as per the CRA towards late February.
