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- 18:20, 21 July 2025 SangHolm90514 talk contribs created page Tax Planning - Why Doing It Now Is A Must (Created page with "<br>S is for SPLIT. Income splitting is a strategy that involves transferring a portion of greenbacks from someone who's in a high tax bracket to a person who is from a lower tax range. It may even be possible to reduce the tax on the transferred income to zero if this person, doesn't have 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...")