A Standing For Taxes - Part 1: Difference between revisions
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Revision as of 16:18, 2 October 2026
S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone can be in a high tax bracket to a person who is within a lower tax segment. It may even be possible to reduce the tax on the transferred income to zero if this person, doesn't possess other taxable income. Normally, the other person is either your spouse or common-law spouse, but it can also be your children.
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