The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 17:23, 9 November 2026
S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone will be in a high tax bracket to a person who is within a lower tax area. It may even be possible to reduce the tax on the transferred income to zero if this person, doesn't have got other taxable income. Normally, the other body's either your spouse or common-law spouse, kontol but it can also be your children. Whenever it is easy to transfer income to a person in a lower tax bracket, it must be done.
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