My non-refundable tax credits exceed my Federal tax after income splitting, so they're basically 'going to waste'. Thus I'm loosing several thousand $$/year. I need to split a lot less than half of my income off to my spouse, so I can take full advantage of my non-refundable tax credits.
The family tax cut does not "split income" It compares the income of both persons and calculates an amount to equalize the incomes, thus dropping you into a lower tax bracket. In this way you pay less tax. The calculation is what it is. You get whatever reduction in tax that up to $2,000 max. You are losing nothing. It will not give you a refund, and it is for no other purpose than to reduce the amount of tax paid or payable. If you already pay no taxes, you get no benefit.
The family tax cut does not "split income" It compares the income of both persons and calculates an amount to equalize the incomes, thus dropping you into a lower tax bracket. In this way you pay less tax. The calculation is what it is. You get whatever reduction in tax that up to $2,000 max. You are losing nothing. It will not give you a refund, and it is for no other purpose than to reduce the amount of tax paid or payable. If you already pay no taxes, you get no benefit.