Income Splitting

Income Splitting,

How Do You Define Income Splitting?

Income Splitting definition is: Some contracts, the main feature of which is the high rate of taxable income in the hands of the recipient, are taxed at a low rate in the hands of a third party.

Literal Meanings of Income Splitting

Income:

Meanings of Income:
  1. Regular payments are made for work or through private investment.

Sentences of Income
  1. Have a nice home and a good income

Synonyms of Income

wages, salary, emolument, remuneration, earnings, pay, stipend

Splitting:

Meanings of Splitting:
  1. Sharing or sharing process.

  2. Sharp headache).