Thanks Stompin Tom, Loose Money Continues, Tax Time, Pope Picking and Friday #Shoutouts
The loss of Stompin Tom was a loss of Canadian Culture, this and plenty of great financial stories can be found in this weeks update.
Keep it in Your Pants!
Keep it in your pants when it comes to your wallet at least. Don’t whip it out willy nilly, keep your spending under control.
Income Tax: When Should Kids Start?
Discover the importance of teaching your kids about taxes. When should they start filing tax returns for themselves?
CPP Splitting A Different Process
Not all pensions are split the same way. This post explains the critical differences between splitting a company pension using CRA’s T1032 form, and splitting CPP benefits through Service Canada. While pension income splitting offers flexibility and tax savings year to year, CPP splitting is a more rigid process—requiring mutual consent both to start and stop. This can create complications in cases of estrangement or separation. The post also covers important pension considerations like survivor benefits, medical coverage, and spousal rights in separation vs. divorce. Whether you have a company pension or CPP, understanding your entitlements is essential for retirement planning and income protection.
Keywords: pension, CPP, pension splitting, CPP splitting, retirement income, survivor benefits, pension and divorce, Canada Pension Plan, pension rights, retirement planning
St David’s Day, Snow, RRSP Season Over, Tax Time and Friday #Shoutouts
It is not only St. David’s Day it is also RRSP season here in Canada! Get out the faggots and mushy peas, and tax forms!
