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Version du 29 octobre 2025 à 23:18
memek
S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone who is in a high tax bracket to a person who is within a lower tax bracket. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't get 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 a person in a lower tax bracket, it should be done. If the difference between tax rates is 20% your own family will save $200 for every $1,000 transferred to the "lower rate" significant other.
If you will sign for the company account, even in case you are a minority shareholder, as there is more than $10,000 inside it and you don't report it to the U.S., additionally a felony and is prima facie anjing. And funds laundering.
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