Solved: Is a business equally and wholly owned by two spou...

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Is a business equally and wholly owned by two spouses considered to be related income for TOSI purposes?

The income is actually a loss in our case

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Is a business equally and wholly owned by two spouses considered to be related income for TOSI purposes?

If both spouses actively contribute to running the business, it's likely not TOSI eligible. TOSI applies to income from a business in which you don't actively participate.

Here's a link for more information on TOSI: https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-...

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Moderator

Is a business equally and wholly owned by two spouses considered to be related income for TOSI purposes?

If both spouses actively contribute to running the business, it's likely not TOSI eligible. TOSI applies to income from a business in which you don't actively participate.

Here's a link for more information on TOSI: https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-...

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