Do this to Legally SPLIT INCOME in Canada (& Save Thousands in Tax)

Are you overpaying tax because one spouse earns significantly more than the other? Income splitting is one of the most powerful ways for Canadians to lower their family tax bill. From Spousal RRSPs to the nuances of Prescribed Rate Loans, I’m breaking down exactly how to keep more of your money away from the CRA. #canadianpersonalfinance #TaxTipsCanada #IncomeSplittingCanada #TaxStrategy #CRA ⏱️Timestamps 0:00 Start Here 0:36 TFSA Gifting 1:38 Higher Earner Pays Bills 4:44 Spousal RRSP 7:37 Pension Income Split 9:20 CPP Sharing 10:29 Prescribed Rate Loans 13:41 Employing your Spouse 15:23 Transferring Tax Credits 💡RESOURCES: Pension income Splitting: https://www.canada.ca/en/revenue-agen... CPP Sharing: https://www.canada.ca/en/services/ben... CRA Prescribed Rates: https://www.canada.ca/en/revenue-agen... 📺 VIDEOS OF INTEREST: Do this with your WORK BENEFITS in Canada:    • Do This with Your WORK BENEFITS in Canada   👉🏻👈🏻 KEEP IN TOUCH: 🌍 Website - https://www.twainfinancial.ca 📸 Instagram -   / twain.ryan.lee   💼 Linkedin -   / ryan-lee-cfp-3a5a2a264   DISCLAIMERS & DISCLOSURES This content is for educational and informational purposes only. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and should not be taken as financial advice. Please consult with a financial advisor before making any financial decision to make sure it's suitable for your specific situation and aligning with your goals!