What is CPP benefits sharing? The Canada Pension Plan (CPP) allows couples (married or common law) to apply to share their pensions equally. If one spouse’s benefits and tax bracket…
What is income splitting? Income splitting is a tax-reduction strategy in which a taxpayer divides income or wealth with lower-income family members so that income is taxed at lower rates…
What is the Canada Pension Plan? The Canada Pension Plan (CPP) is a federal social assistance program. Canadians pay into the program based on earnings while they are working and…