Quote:
Originally Posted by Wormius
Hmm.. What are the legalities of setting up a family business (Chores, Inc.) and paying your kids exactly the amount needed to pay for things like a share of the groceries, their own clothes, toys, books, etc. They could pay taxes at a lower rate, and my wife and I would have less income to declare. Is this feasible, or would I get bogged down by EI and CPP stuff?
I am sure there a million things I am missing, that would probably get me fined or locked up for this.
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I'd imagine child labor laws, would prevent you from setting this up.