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How to income split with your children? Income splitting simply means transferring income from yourself to your child in order to save tax. The reason that you'll save tax is because it is more likely than not that you are in a higher tax bracket than your child. Follow us on Twitter - https://twitter.com/Madan_CA Like us on Facebook - https://www.facebook.com/MadanCharter... Add us on Google Plus - https://plus.google.com/u/1/108551869... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Table Of Contents 00:27 - Definition Of Income Splitting 00:45 - Using Gifts 02:30 - Cash Gift To Tax Free Savings Account (TFSA) 03:00 - Using Registered Retirement Savings Plans (RRSP) 04:08 - Loan To Child Through Corporation About the Author -- Allan Madan -- Accountant Mississauga Oakville Toronto Allan Madan is a Chartered Accountant and a Tax Expert in the Toronto, Oakville and Mississauga regions of Ontario, Canada. If you found this article useful, Allan Madan encourages you to visit his website http://madanca.com for additional tax tips and more information on this topic. Also, get access to Allan Madan's Free Report, "20 Tax Secrets on How to Beat the Tax Man," http://www.siteproweb.com/20-free-tax... Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.