Sentences with phrase «like 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.

Not exact matches

Since CPP is not eligible for retroactive pension income splitting on your tax return like other forms of eligible pension income, pension sharing is something to consider proactively when applying for your pension.

Both firms have free online versions for students or those with simple returns, but don't miss transferring unused credits or optimizing provisions like pension income splitting between family members.

Pension income splitting allows you to split eligible pension income, which generally includes income like defined benefit pension benefits, RRIF withdrawalsPension income splitting allows you to split eligible pension income, which generally includes income like defined benefit pension benefits, RRIF withdrawalspension income, which generally includes income like defined benefit pension benefits, RRIF withdrawalspension benefits, RRIF withdrawals, etc..

Like work pensions, income from RRIFs and LIFs can be split with a spouse to reduce taxation (once plan holders reach 65).

With pension splitting, the couple with the $ 60,000 pension ends up being treated exactly like a couple with two $ 30,000 pensions.