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- 21:20, 5 January 2025 OXHBradford talk contribs created page 10 Reasons Why Hiring Tax Service Is Very Important (Created page with "S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone is actually in a high tax bracket to a person who is within a lower tax bracket. It may even be possible to reduce the tax on the transferred income to zero if this person, doesn't possess any other taxable income. Normally, the other individual is either your spouse or common-law spouse, but it can also be your children. Whenever it is possible to transfer income t...")