Seniors -> Sharing CPP Pension With a Spouse
You Might Save Tax by Sharing Your CPP Retirement Pension With Your Spouse
If you and your spouse or common-law partner are:
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you can apply to receive equal shares of the CPP retirement pensions that you both earned during the years you were living together. See Pension Sharing on the Service Canada website.
This could be beneficial if one spouse is in a higher tax bracket, but clawback of OAS, spousal tax credit, and senior's tax credits must be considered. See the tables of non-refundable personal tax credits for levels at which the tax credits are reduced or eliminated.
Other pension income may also be split with a spouse beginning in 2007. See the article on pension income splitting on the Personal Tax page.
Tax Tip: You may save tax by splitting CPP retirement pension with a lower-income spouse.
Revised: September 20, 2017