The use of a corporation can facilitate splitting income with other members of an individual's family.

Name: The use of a corporation can facilitate splitting income with other members of an individual's family.
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By setting up a corporation and distributing part of the income to family members in the form of dividends or salaries, the individual can potentially reduce their overall tax burden by spreading income across multiple individuals with lower tax rates. This is known as income splitting.

The Use of a Corporation Can Facilitate Splitting Income with Other