Share, Split & Combine for Spousal Tax Savings – Tip #5
This is the fifth and last of a 5-part financial tips series focusing on tax savings opportunities and strategies for retired and senior spouses.
Spousal Tax Savings Tip #5 – Sharing Your CPP
Sharing your Canada Pension Plan retirement pension with your spouse may also result in tax savings. The portion of your pension that can be shared is based on the number of months you and your spouse lived together while you were still contributing to the CPP.
In The Series:
Courtesy of Marta Stiteler, MA CFP CIM CLU, Financial Planner at Pillar Retirement Group/Worldsource Financial Management Inc.
Marta can be reached at: Pillar Retirement Group, 50 Coreslab Drive, Flamborough ON L9H 0B2. T: 905-690-5038 E: firstname.lastname@example.org
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