Smart Tax Saving Tips: Difference between revisions
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Latest revision as of 03:26, 1 November 2026
S is for SPLIT. Income splitting is a strategy that involves transferring a portion of revenue from someone will be in a high tax bracket to a person who is from a lower tax range. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't have any other taxable income. Normally, the other person is either your spouse or common-law spouse, but it could even be your children.
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