STRATEGIES FINANCIAL HEALTH

Better prepare for retirement,
minimize income tax, optimize
portfolio performance; these
are legitimate and
accessible goals.

To know more

Income Splitting

Since 2007, it has been possible to split revenues between spouses to benefit from additional tax credits, decrease the income tax burden and, in certain cases, avoid forfeiting the old age security pension.

Did you know that:

  • Revenue earned from an insurance company’s term deposits are eligible for income splitting
  • Loans between spouses have become an effective strategy in a low interest rate environment
  • The taxable portion of a non registered prescribed life annuity fund is eligible for revenue

Revenue splitting is done when preparing your income tax return.  Our in-house proprietary software, P.R.O. or Personal Retirement Optimiser, allows you to determine the extent to which this strategy affects taxation and public pension payments, amongst other variables.