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
Meanings of Income:
Regular payments are made for work or through private investment.
Sentences of Income
Have a nice home and a good income
Synonyms of Income
wages, salary, emolument, remuneration, earnings, pay, stipend
Meanings of Splitting:
Sharing or sharing process.