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- 10:47, 9 May 2026 KeeshaDemoss5 talk contribs created page Why You Can t Be Really Own Tax Preparer (Created page with "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 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 get other taxable income. Normally, 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 lowe...")