Have the lower income spouse invest all income

If you and your spouse are earning income, but one of you is in a much higher tax bracket, the one with the lower income could invest all earnings, while household and other expenses are paid by the higher income spouse.

This strategy will result in lower taxes payable on the investment income that otherwise would have been earned in the higher income spouse’s hands.

Please contact your accountant at Harvey, Lister & Webb Incorporated to discuss the possibilities.

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