17 Dec 2012

Fun Tax Fact No. 6:

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Multiple credits for multiple spouses. According to “101 Tax Secrets for Canadians” by Tim Cestnick, tax filers can claim credits for more than one spouse. While technically defensible under tax laws, sections 290 and 293 of the Criminal Code of Canada ban bigamy and polygamy.

Tip: Income-splitting is a more sustainable tax strategy than acquiring extra husbands or wives.

Source: Creditcards.ca