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- 09:12, 23 July 2026 CMIJanine28 talk contribs created page Declaring Back Taxes Owed From Foreign Funds In Offshore Banks (Created page with "<br>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 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 other taxable income. Normally, the other body's either your spouse or common-law spouse, but it could even be your children. Whenever it is possible to transfer income to a person in a lowe...")