S is for SPLIT. Income splitting is a strategy that involves transferring a portion of revenue from someone will be in a high tax bracket to someone who is within 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 could even be your children. Whenever it is easy to transfer income to someone in a lower tax bracket, it should ...

Filing an taxes return is something that rolls around once a year so keeping track of requirements and guidelines is key together with a successful season. Regardless if you are just getting started or in the middle of the process below are 10 things you must know about property taxes. 2) You participating in your company's retirement plan? If not, not really try? Every dollar you contribute could eliminate taxable income minimizing your taxes to shoe. ...