Government Tax Deed Sales: Difference between revisions
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Latest revision as of 12:10, 1 November 2026
S is for SPLIT. Income splitting is a strategy that involves transferring a portion of greenbacks from someone who is in a high tax bracket to someone who is within a lower tax clump. It may even be possible to reduce the 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, kontol but it can also be your children. Whenever it is possible to transfer income to someone in a lower tax bracket, it must be done.
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