Income Splitting

Tax Breaks to Help Families

Written by Nitin Manohar
November 6, 2014

On October 30, 2014, Prime Minister Stephen Harper revealed income splitting tax breaks for families with children less than 18 years of age. Canadians have been waiting since 2011 for a variety of promised tax breaks.

Family Income Splitting
A new federal non-refundable Family Tax Cut Credit was recently introduced that will create tax savings for families with children less than 18 years of age.

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