Getting Rid Of Tax Debts In Bankruptcy: Difference between revisions
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Revision as of 00:58, 9 October 2026
S is for SPLIT. Income splitting is a strategy that involves transferring a portion of greenbacks from someone who's in a high tax bracket to a person who is in the lower tax group. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't possess any other taxable income. Normally, memek the other person is either your spouse or common-law spouse, but it can also be your children. Whenever it is possible to transfer income to a person in a lower tax bracket, it must be done.
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