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Version du 27 août 2026 à 10:22
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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 someone 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 have any 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 someone in a lower tax bracket, it should be done. If primary between tax rates is 20% your family will save $200 for every $1,000 transferred to the "lower rate" relation.
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