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Latest revision as of 15:39, 16 September 2026
S is for lanciao SPLIT. Income splitting is a strategy that involves transferring a portion of greenbacks from someone who is in a high tax bracket to someone who is from a lower tax range. It may even be possible to reduce the tax on the transferred income to zero if this person, doesn't possess other taxable income. Normally, the other individual is either your spouse or anjing common-law spouse, kontol but it can also be your children. Whenever it is easy to transfer income to a person in a lower tax bracket, it should be done.
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