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Version vom 14. Mai 2026, 16:46 Uhr

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 in a lower tax range. 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, 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 someone in a lower tax bracket, it should be done. If marketplace . between tax rates is 20% the family will save $200 for every $1,000 transferred to your "lower rate" partner.

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