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You can split pension income so that some of the income goes to your spouse in a lower tax rate. Pension income splitting can mean a lower household tax bill.

You can split pension income so that some of the income goes to your spouse in a lower tax rate. Pension income splitting can mean a lower household tax bill.

Pension splitting is a powerful tax strategy that allows Canadians to give up to 50% of their eligible pension income to their spouse for tax purposes.

Pension splitting is a powerful tax strategy that allows Canadians to give up to 50% of their eligible pension income to their spouse for tax purposes.

Sometimes rules can be confusing so I thought I would share a few examples of real life people who were able to take advantage of pension splitting.

With the crisis going on over in Europe, austerity measures going on around the world, and people having to prolong their retirement dreams due to decreased income and terrible market returns, I have been reading a lot of material that focuses on an increasing phenomenon known as "pension envy."