Pension splitting refers to dividing a person's pension income with their spouse or partner during retirement. This division helps to reduce taxes and increase the total amount of money available to the couple.
Sentences with «pension splitting»
Because of pension splitting, even retirees with good company pensions may stay in the lowest bracket if they have a low - income spouse. (thestarphoenix.com)
With pension splitting, the couple with the $ 60,000 pension ends up being treated exactly like a couple with two $ 30,000 pensions. (moneysense.ca)
Consider the $ 5,000 a year you would gain from pension splitting in the example above. (moneysense.ca)