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Retire Me - Episode 5 - How Can Pension Splitting and Tax Credits Reduce my Taxes in Retirement? Thumbnail

Retire Me - Episode 5 - How Can Pension Splitting and Tax Credits Reduce my Taxes in Retirement?


Welcome to episode 4 of Retire Me.

Today we talk about strategies that retirees can use to lower their tax bills in retirement.  We touch on topics including:

  • the types of income that can be split or shared in retirement
  • tax credits (coupons) that are available to retirees
  • how CPP sharing is different than income splitting
  • how a retired couple with $100k of family income can save 25% on their tax bill in the first year of retirement using income splitting and tax credits
  • Mark talks about his great skiiing adventure from Sunday with Sarah and the kids :)

Jane and John's Cash Flow in 2020 and 2021

Jane Income and Taxes in 2020

Jane Income and Taxes in 2020

John Income and Taxes in 2020

John Income and Taxes in 2021

Zoey's first ride on the chair lift with the whole family  (** I have no idea why I can't rotate this, but that's us!!**)

The information in this material is not intended as investment, tax, or legal advice.  Please consult your advisor or tax professionals.