Tax Rates Reflect Way Of Life: Difference between revisions
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Revision as of 14:10, 15 September 2026
memek S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone will be in a high tax bracket to someone who is from a lower tax group. 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 lanciao common-law spouse, but it could even be your children. Whenever it is possible to transfer income to a person in a lower tax bracket, it should be done.
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