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Latest revision as of 11:54, 19 October 2026

S is for SPLIT. Income splitting is a strategy that involves transferring a portion of revenue from someone can be in a high tax bracket to someone who is in the lower tax segment. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't have other taxable income. Normally, anjing the other person is either your spouse or common-law spouse, but it could even be your children.

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