He is considering paying his 16-year-old daughter $10,000 this year to help with some administration duties. He has heard this may also help lower the taxes he pays. Which statement below is most correct? This will not save taxes because minor children are taxed at the top marginal tax rate on certain types of income (known as the 'kiddie tax). * This is an effective income splitting strategy and is acceptable to CRA if legitimate work is performed by Dwight's daughter. This income splitting strategy will save Dwight taxes and, to effectively achieve the best result, he should increase the amount paid until his marginal tax rate equals the margial tax rate his daughter pays. * This will not save taxes because of the CRA's attribution rules