Smart Tax Saving Tips: Difference between revisions
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Revision as of 23:05, 13 September 2026
kontol S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone is actually in a high tax bracket to someone who is within a lower tax group. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't have other taxable income. Normally, lanciao the other body's either your spouse or common-law spouse, but it could even be your children. Whenever it is easy to transfer income to a person in a lower tax bracket, it must be done.
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