Tax Attorney In Oregon Or Washington; Does Your Enterprise Have Body: Difference between revisions
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Revision as of 13:33, 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 a person who is from a lower tax clump. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't get other taxable income. Normally, the other body's 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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