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To Split or not to Split…That is the question.

Income Splitting Strategies                        

So what is Income Splitting, and who is eligible to quality for the benefit?

Income Splitting is a way for families to split up their income so that if one spouse earns more than the other, the higher-earning spouse can allocate some of their income to their lower-earning spouse’s tax return. Since our tax system has graduated tax brackets, Income splitting is a great strategy to pay less household tax, and keep more money in your pocket!  Read more