Introduced in the 2007 budget,
pension income splitting already operates in a similar fashion to how family income splitting would work.
Not exact matches
Think about it: those
already retired will enjoy not only the previously enacted
pension -
splitting provision, but if they're living on RRIF
income they now have less reason to fear outliving their money.
They
already split their rental
income, which is in accord with their joint ownership of their $ 700,000 rental property, and when Ethel turns 65, she can
split her Canada
Pension Plan benefits with Sam as he can with her.