Pension income split can cut family’s tax
Retirees, seniors showing great interest in new rule that allows couples to save thousands of dollars
Toronto Star, Talbot Boggs
Pension income splitting rules originally introduced in October 2006 are quickly becoming an important part of the retirement planning process for Canadian retirees and seniors.
“We are certainly factoring them into the retirement planning process for our clients,” says Cynthia Kett, a chartered accountant and certified financial planner with Stewart and Kett Financial Advisors Inc.
“This was a huge gift from the government that more and more senior Canadians are taking into consideration in their financial and retirement planning.”