IncomeSplitting

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> This page is part of the GayFinance series.


Most of us would agree a spousal relationship works best when it's a partnership of equals -- except when it comes to taxation and investing.

When one spouse earns more than the other, it opens up new potential for reducing taxes and increasing your after-tax investment income through the application of a few simple income-splitting strategies. And that is especially true right now thanks to the current�and very low�government prescribed interest rate on taxable benefits.

Here�s how you can benefit from splitting income with your spouse.

1) Low interest rates deliver BiggerBenefits.

2) Take advantage of a SpousalRsp

3) Decide who should BuyTheGroceries

Income-splitting strategies are an important part of an effective financial plan. Put them into practice to reduce your tax bite and increase your after-tax investment returns.

This page is part of the GayFinance series.