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- 19:39, 28 July 2026 MistyShumate7 talk contribs created page 10 Tax Tips Decrease Costs And Increase Income (Created page with "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 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 possess 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...")