Income Splitting with a Lower-Income Spouse: Strategies and Considerations 🇨🇦
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Managing finances effectively is crucial for any couple, and income splitting strategies can be powerful tools for maximizing tax benefits and building wealth. This article explores various strategies for couples where one spouse earns significantly more than the other, addressing the question of whether the higher-income earner can invest in the lower-income spouse's name and the tax implications involved.
Income Splitting with a Lower-Income Spouse: Strategies and Considerations 🇨🇦
Income Splitting with a Lower-Income Spouse…
Income Splitting with a Lower-Income Spouse: Strategies and Considerations 🇨🇦
Managing finances effectively is crucial for any couple, and income splitting strategies can be powerful tools for maximizing tax benefits and building wealth. This article explores various strategies for couples where one spouse earns significantly more than the other, addressing the question of whether the higher-income earner can invest in the lower-income spouse's name and the tax implications involved.