income splitting
Definition
Shifting income from a higher tax bracket operation (or a family member) to one falling in a lower tax bracket, in order to reduce overall tax burden.
email to a friend
print this definition
cite this definition
link to this page
income splitting is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/income-splitting.html