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- 05:37, 8 January 2026 RoscoeArellano0 talk contribs created page Tax Planning - Why Doing It Now Is Essential (Created page with "<br>S is for SPLIT. Income splitting is a strategy that involves transferring a portion of greenbacks from someone which in a high tax bracket to someone who is in the lower tax bracket. 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 can also be your children. Whenever it is possible to transfer income to a p...")