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Created page with "<br>S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone which in a high tax bracket to someone who is from a lower tax area. It may even be possible to reduce the tax on the transferred income to zero if this person, doesn't possess any other taxable income. Normally, the other person is either your spouse or common-law spouse, but it could even be your children. Whenever it is easy to transfer income to a person in..."
 
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