The measures for income-splitting allow spouses in different tax brackets to file a joint tax return and transfer money to each other so that they both fall into a “middle bracket.”
But what is the middle bracket? What sort of family income would benefit the most from income splitting?
Follow the chart below to see how the tax break works:
CTV Question Period will have more on income splitting in this week's show. Watch with Robert Fife, this Sunday at 11 a.m. ET.
