"Introducing the Family Tax Cut, a federal tax credit that will allow a spouse to, in effect, transfer up to $50,000 of taxable income to a spouse in a lower tax bracket. The credit will provide tax relief—capped at $2,000—for couples with children under the age of 18, effective for the 2014 taxation year. Income splitting has been helping seniors across the country, which is why the Government is now providing similar relief for families."