Tag: Income Splitting

Can I Split My Pension Income?

You and your spouse are enjoying your golden years together and share pretty much everything. The CRA (Canada Revenue Agency) recognizes that sharing is caring, so they allow senior couples to split pension income. This can offer you big savings on your tax bill,… Continue Reading “Can I Split My Pension Income?”

Five Tax-saving Tips for Retirees

Retirement may give you the chance to sleep late and live leisurely, but you don’t want a large tax bill spoiling your fun. To maximize your benefits and lower your tax obligations, check out these five tax-saving tips for retired residents of Canada. 1.… Continue Reading “Five Tax-saving Tips for Retirees”

Pension Income Splitting Lets You Split Your Income With Your Spouse

Tax planning doesn’t end when you retire. If you or your spouse receive income from a pension, you may be able to lower your tax bill by splitting some of that income with your spouse. Don’t write a cheque to your significant other just… Continue Reading “Pension Income Splitting Lets You Split Your Income With Your Spouse”