I have 3 new clients unincorporated businesses and spouses are partners in the businesses. One couple, both have T4 income plus business income, small farm. Another couple has only business income, e-commerce.
Looking for ideas on how to split partnership, income, etc. Does it have to be a 50/50 or can returns be optimized somehow to reduce taxes as one spouse has much higher income?
Thanks for your help & wisdom…