Difference between revisions of "Income splitting"
Jump to navigation
Jump to search
(Created page with "Income splitting is the notion that spouses will be treated as one unit for taxation purposes. Their combined income is taxed as one unit. If one spouse does not work then t...") |
|||
| Line 4: | Line 4: | ||
== References == |
== References == |
||
| + | |||
| + | [[Category: Featured Articles]] |
||
| + | [[Category: Glossary]] |
||
Latest revision as of 08:30, 10 July 2022
Income splitting is the notion that spouses will be treated as one unit for taxation purposes. Their combined income is taxed as one unit. If one spouse does not work then the other spouse enjoys a significant taxation advantage.
Income splitting was seriously considered in Canada some years ago. Canadian feminists strongly discouraged this as they believed it would reduce women's workforce participation. [1]