Comments on: Spousal RRSP: Income Splitting http://www.canajunfinances.com/2006/04/22/spousal-rrsp-income-splitting/ Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View Sun, 23 Nov 2008 18:16:17 +0000 http://wordpress.org/?v=2.6.3 By: Brenda http://www.canajunfinances.com/2006/04/22/spousal-rrsp-income-splitting/#comment-917 Brenda Sat, 02 Feb 2008 08:30:02 +0000 http://www.canajunfinances.com/?p=266#comment-917 I enjoy reading your posts, keep them coming I enjoy reading your posts, keep them coming

]]> By: Old Geezer http://www.canajunfinances.com/2006/04/22/spousal-rrsp-income-splitting/#comment-331 Old Geezer Sun, 27 Aug 2006 23:07:00 +0000 http://www.canajunfinances.com/?p=266#comment-331 The introduction of spousal RRSPs in the mid 80s was another patchwork fix. CPP/QPP allows splitting because it is based upon Family Law which says each spouse has entitlements to household assets and pension income.<br/><br/>Yes, I can divorce my wife and legally split pension income. What does that say about our tax system? <br/><br/>If you Google pension splitting there is very obviously a movement taking off on the subject.<br/><br/>Time we stop talking about it and demand that our MPs do something about it.<br/><br/>Pension splitting is not just for seniors. Anyone who subscibes to a pension plan or RRSP has a stake. Everyone should be able to retire with dignity. What good is it to save for retirement only to have it taxed away. The introduction of spousal RRSPs in the mid 80s was another patchwork fix. CPP/QPP allows splitting because it is based upon Family Law which says each spouse has entitlements to household assets and pension income.

Yes, I can divorce my wife and legally split pension income. What does that say about our tax system?

If you Google pension splitting there is very obviously a movement taking off on the subject.

Time we stop talking about it and demand that our MPs do something about it.

Pension splitting is not just for seniors. Anyone who subscibes to a pension plan or RRSP has a stake. Everyone should be able to retire with dignity. What good is it to save for retirement only to have it taxed away.

]]> By: Anonymous http://www.canajunfinances.com/2006/04/22/spousal-rrsp-income-splitting/#comment-330 Anonymous Sun, 27 Aug 2006 21:25:00 +0000 http://www.canajunfinances.com/?p=266#comment-330 As a senior, well into retirement, I find this topic interesting. I don't think RRSP's were around during all the years when some of today's seniors were working. The purpose of spousal RRSP's is to provide the wife some pension income in retirement, and that helps equalize income between the spouses and thus reduce their taxes. Of course all these dodges would be unnecessary if the government simply allowed couples to file jointly, as was recommended by the Carter Commission in 1966 and as done in the U.S. If you want to see a website on the topic of pension income splitting, which is becoming a hot topic politically, see www.pensionsplitting.ca, and other links from it. As a senior, well into retirement, I find this topic interesting. I don’t think RRSP’s were around during all the years when some of today’s seniors were working. The purpose of spousal RRSP’s is to provide the wife some pension income in retirement, and that helps equalize income between the spouses and thus reduce their taxes. Of course all these dodges would be unnecessary if the government simply allowed couples to file jointly, as was recommended by the Carter Commission in 1966 and as done in the U.S. If you want to see a website on the topic of pension income splitting, which is becoming a hot topic politically, see http://www.pensionsplitting.ca, and other links from it.

]]> By: Anonymous http://www.canajunfinances.com/2006/04/22/spousal-rrsp-income-splitting/#comment-295 Anonymous Sun, 23 Apr 2006 02:02:00 +0000 http://www.canajunfinances.com/?p=266#comment-295 Above post should be attributed to:<br/><br/>DAvid Above post should be attributed to:

DAvid

]]> By: Anonymous http://www.canajunfinances.com/2006/04/22/spousal-rrsp-income-splitting/#comment-294 Anonymous Sun, 23 Apr 2006 02:01:00 +0000 http://www.canajunfinances.com/?p=266#comment-294 I believe you can manage you non-registered investment portfolio in similar fashion. If your wife earns any income, YOU pay all the bills, and SHE invests her income in a low taxed (dividends & capital gains) investment. If your wife earns no income, speak to a tax accountant to see if you can "gift" her the investment money, without the earnings being attributed back to you. I believe you can manage you non-registered investment portfolio in similar fashion. If your wife earns any income, YOU pay all the bills, and SHE invests her income in a low taxed (dividends & capital gains) investment. If your wife earns no income, speak to a tax accountant to see if you can “gift” her the investment money, without the earnings being attributed back to you.

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