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- 22:55, 23 July 2026 TerrieH7992 talk contribs created page Why What Exactly Is File Past Years Taxes Online (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 in 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 individual is either your spouse or common-law spouse, but it can also be your children. Whenever it is easy to transfer income to a person in a lower t...")