Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Revision as of 09:57, 15 September 2026
S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone who's in a high tax bracket to someone who is within a lower tax group. 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, xnxx the other individual is either your spouse or common-law spouse, but it can also be your children. Whenever it is easy to transfer income to someone in a lower tax bracket, it should be done.
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