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S is for SPLIT. [https://www.brandsreviews.com/search?keyword=Income%20splitting Income splitting] is a strategy that involves transferring a portion of revenue from someone who is in a high tax bracket to someone who is from a lower tax group. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't have any other taxable income. Normally, the other person is either your spouse or common-law spouse, but it can also be your chil..."

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