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Revision as of 15:49, 9 September 2026
keehnpower.com S is for SPLIT. Income splitting is a strategy that involves transferring a portion of greenbacks from someone is actually in a high tax bracket to someone who is in the lower tax clump. It may even be possible to reduce the tax on the transferred income to zero if this person, doesn't possess other taxable income. Normally, the other individual is either your spouse or common-law spouse, but it could even 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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