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| | Taxation of Joint Ventures A joint venture is not itself taxed. Each co-venturer retains ownership of its share of the assets and liabilities and therefore also retains its share of the income of the venture. The co-venturer is therefore taxed on its share of the joint venture income. Administratively under certain circumstances, CRA allows a Joint Venture to have a different fiscal year than the co-venturers fiscal year-ends. Click HERE for the tax rates in Alberta. Careful planning with a Chartered Accountant is warranted. Contact Keith Anderson CA at (780) 447-5830 if you need advice. Legal Notice And Disclaimer Privacy Statement | | |  |  | Notice |
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