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- 14:00, 25 July 2026 LowellQ5638720 talk contribs created page 10 Tax Tips To Reduce Costs And Increase Income (Created page with "<br>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 a person 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 have any other taxable income. Normally, the other individual is either your spouse or common-law spouse, but it can also be your children. Whenever it is possible to transfer income to a per...")