Paying Taxes Can Tax The Better Of Us: Difference between revisions
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Latest revision as of 06:11, 15 September 2026
S is for SPLIT. Income splitting is a strategy that involves transferring a portion of revenue from someone which in a high tax bracket to someone who is in 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 any other taxable income. Normally, the other body's either your spouse or kontol common-law spouse, but it could even be your children.
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