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- 21:03, 13 August 2026 UAWCarson700 talk contribs created page 3 Elements Taxes For Online Business Proprietors (Created page with "S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone can be in a high tax bracket to a person who is in a lower tax bracket. It may even be possible to reduce the tax on the transferred income to zero if this person, doesn't get other taxable income. Normally, the other body's either your spouse or common-law spouse, but it can also be your children. Whenever it is possible to transfer income to someone in a lower tax...")