[Verse 1] When income's high and taxes bite There's strategies to make it right Split the load across your clan Income shifting is the plan But attribution rules stand guard Making simple moves too hard Know the law before you start Income splitting is an art [Chorus] Split it smart, split it clean Keep it fair, keep it lean Attribution watch your back Spousal loans stay on track Prescribed rate lock it in Family trust let wealth begin Split it smart, split it clean Tax efficiency supreme [Verse 2] Spousal loans at prescribed rate Lock it low don't hesitate Lend the funds for her to invest Beat the rate and keep the rest Attribution rule won't apply If the interest payments fly On time every single year Keep those records crystal clear [Chorus] Split it smart, split it clean Keep it fair, keep it lean Attribution watch your back Spousal loans stay on track Prescribed rate lock it in Family trust let wealth begin Split it smart, split it clean Tax efficiency supreme [Verse 3] Income splitting pension style CPP sharing all worthwhile Split your credits with your spouse Retirement planning in your house Business income pay your kin Reasonable wages let them win Dividends through family shares Structure smart and no one cares [Bridge] Attribution rules will catch Income splitting that's a patch Under eighteen kids beware Investment income triggers snare But capital gains get through Business income passes too Know the rules and play it right Keep your planning clear and bright [Chorus] Split it smart, split it clean Keep it fair, keep it lean Attribution watch your back Spousal loans stay on track Prescribed rate lock it in Family trust let wealth begin Split it smart, split it clean Tax efficiency supreme [Outro] Family trust the wealthy choose Income splitting they can use Discretionary power flows Tax efficient dynasty grows Split it smart across the years Minimize those tax bill tears
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