Sentences with phrase «pension splitting also»

Not exact matches

To the extent you have an eligible spouse, Peter, you can also consider splitting your respective CPP pensions — so - called CPP pension sharing — by filing an application.

Specifically, splitting 30 years of service credit between two jobs delays the first pension draw and can also affect the replacement rate (the annual pension as a percentage of FAS).

Rebecca should also ensure that Felix's company pension is evaluated and the split made.

In much the same way assets may be split in the event of a marriage breakdown, future pension entitlement — whether a private pension or the CPP — are also relevant for purposes of a post-marriage equalization.

UFile also includes their MaxBack Refund Analyzer, which looks at the whole family to best suggest deductions, credits, and pension splitting.

Canadians are also encouraged to look into things like pension splitting, which allows you to take advantage of your partner's lower rate of taxation, and claiming legal fees in the case of a lost job.

Remember also that RRSP withdrawals qualify as «pension income» that can be split between couples in whatever proportion they choose.

Tory ads also imply Trudeau might end pension income - splitting.

However, they can also be relevant if you have one of those public sector pensions where responsibility for the shortfall is split between the employer and employees who are still working.

It's also possible to maintain the 401K in the U.S. and split the income as pension income in Canada, but it's tricky.

If that spouse is also 65 and has no other income that qualifies for the pension credit, by income splitting and allocating $ 2,000 each year of RRIF income to your spouse, your spouse can also qualify for the $ 2,000 pension income tax credit.

To the extent you have an eligible spouse, Peter, you can also consider splitting your respective CPP pensions — so - called CPP pension sharing — by filing an application.

While I used the common example of a spouse with a large DB pension, employer - sponsored Defined Contribution (DC) plans are also considered eligible pension income for pension splitting purposes.