One way you can split income  with your spouse make an investment loan to your spouse. The funds are then invested in your spouses name and the income will be taxed in your spouses’ hands.
Structure of The Loan
The loan should be documented in writing and specify both the amount of the loan and the rate of interest as well as repayment terms. The interest rate used cannot be less than the CRAs prescribed rate of interest at the time the loan was made. The interest must be paid within 30 days of the end of the year otherwise all of the income will be attributed back to you and all future income will also be taxable in your hands.
The interest you receive on the loan is included in your income and the interest paid by your spouse is deducted from your spouses’ income.
Issues With Spousal Investment Loans
Appropriate documentation is important whenever you engage in income splitting. As I mentioned, the loan itself should be documented but it also very important to record the payment and receipt of the interest on the loan.
It is questionable whether this type income splitting is worth the effort because the tax savings over the life of the investment may be negligible.