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- 16:09, 22 August 2026 TomokoBaines talk contribs created page Declaring Back Taxes Owed From Foreign Funds In Offshore Banks (Created page with "<br>S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone will be in a high tax bracket to a person who is from a lower tax group. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't have got other taxable income. Normally, the other person is either your spouse or common-law spouse, but it could even be your children. Whenever it is possible to transfer income to a person in...")