Скачать или смотреть 7 Spousal Income Splitting

In this video we are going to do a few things differently. We will stick with our couple as defined previously, but we are going to focus all of their savings toward retirement. We will maximize their after-tax retirement income at the spousal level.

Before we start, note that we are not making spousal RRSP contributions. Rather, we split income in 2 ways. First, pre-retirement we allow the higher income earner to transfer as much as the after tax amount that the lower earner earns. This allows the lower earning spouse to invest their earnings directly, and then share money with their spouse after tax.

Post retirement of the first spouse, we allow couples to also split pre-tax pensionable income.