Is pension splitting worth it for a retired couple making about $70,000 annually?
Q. I am 71 years old and my spouse Ella is 70. Ella’s total pension income is about $21,000 a year from Canada Pension Plan (CPP), Old Age Security (OAS) and a small private pension, with a non-existent tax bill. My pension income is about $50,000 ($13,000 from CPP, $7,000 from OAS, and $30,000 from an employer pension). In addition, some years I earn up to $20,000 with freelance handyman work. Is pension splitting a good idea for my wife and...
2025-04-18T10:11:38Z