Pension-Income splitting (6) What is split pension income? If you received “eligible” pension income last year. It might be worthwhile to split as much as half of your pension with your spouse or common law partner in order to lower your taxes. Canada Pension is paid out to Canadian citizens that are at least 65 [...]
Archive for the ‘Accountant in Mississauga’ Category
Tax Tip #6 -pension income
March 3, 2009
Pay less tax – income splitting
February 12, 2009
Canadian tax reduction including Canada Pension Plan (CPP) and RRSP contributions.
TAX TIP #4 -New this year -from John McCormack CGA CFP
February 3, 2009
Registered Disability Savings Plan (RDSP) “new” Tax tip #4 If you, a family member or a friend is eligible for the disability tax credit, you can open a Registered Disability Savings Plan. This is a new tax benefit plan. The 2008 deadline for opening one has been extended to March 2, 2009. The 2009 RDSP [...]
