TTT: Paying Your Kids
Simon Gladstone2024-06-17T19:01:54-04:00Small businesses are excellent ways to write off various expenses so you don't have to pay taxes on them. One very popular method of doing this is by hiring your kids to work for your business. This is great for you and for them, and can be very lucrative for everyone involved. BUT, just because they are your kids does NOT mean you and they are exempt from tax and labour laws!