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Dealing With Tax Problems: Easy As Pie: Difference between revisions

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Revision as of 02:50, 14 September 2026


S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone who is in a high tax bracket to a person who is from a lower tax area. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't possess other taxable income. Normally, the other body's either your spouse or bokep 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.

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