Splitting eligible pension income is not just for CPP payments (sometimes called CPP sharing), but can also be applied to company/government pension plans, RRSP-based annuity payments, and RRIF payments. Unlike these individual-based pensions, the CPP has its own set of rules that must be foll...
Tax bills increased by a higher tax bracket from “double-dipping” can be reduced with spousal income splitting In the end, it comes down to one thing: How long are you going to live? It’s a question of taxation, lifestyle and life expectation. If you live to be 90, sure, delay ...