Tag · Canada
pension splitting
Loopholes Tagged "pension splitting"
Plain-English guides to Canadian legal rights and workarounds related to pension splitting.
Easy If You Pay Taxes
Pension Income Splitting (T1032) — Cut Your Retirement Tax Bill in Half
Retired couples can allocate up to 50% of eligible pension income to the lower-earning spouse simply by filing Form T1032 — reducing taxes, avoiding OAS clawback, and unlocking the pension income tax credit.
Medium If You Pay Taxes
Pension Income Amount Credit — Unlock a $2,000 Federal Credit by Choosing the Right Pension Stream
Canada's pension income amount can provide a federal credit on up to $2,000 of eligible pension income.