Tag Archive for: Income Splitting Strategies

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