Paying Taxes Can Tax The Better Of Us: Difference between revisions
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Revision as of 22:29, 18 October 2026
cibai 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 clump. It may even be possible to reduce the 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 could even be your children.
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