Question: COLLAPSE a. Explain the difference between income splitting and income shifting. b. Why are taxpayers interested in shifting income from one tax return to another

COLLAPSE a. Explain the difference between income splitting and income shifting. b. Why are taxpayers interested in shifting income from one tax return to another within the same family or economic unit? c. Is there a relationship between the tax on un-earned income of children and taxpayers who attempt to shift income

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