CPP Income Splitting Strategy For Tax Savings | Canada Pension Plan Explained скачать в хорошем качестве

CPP Income Splitting Strategy For Tax Savings | Canada Pension Plan Explained

Pension Sharing Link and form to apply: https://www.canada.ca/en/services/ben... Episode One:    • When Should You Start Collecting CPP? | Ca...   Episode Two:    • Calculating CPP's Break Even Point | Canad...   Episode Three:    • 5 Reasons To Start Collecting CPP At 60 | ...   Episode Four:    • 5 Reasons To Start Collecting CPP At 65 | ...   Episode Five:    • 5 Reasons To Start Collecting CPP At 70 | ...   In order to be eligible for CPP income splitting, you either need to be married or have a common law partner AND you must be collecting or be eligible to collect CPP. You are only able to split the amounts you have earned while you are together with your spouse or common law partner from age 18 onwards. This means that if you met later in life, this strategy might not be as effective as if you were together from a younger age. Your CPP income splitting will stop on either death or divorce, and when that happens the payment will revert back to whatever it would be without income splitting implemented. The main benefit to implementing this CPP income splitting strategy is potential tax savings. You will see these tax savings arise from a potential change in your tax bracket when income splitting is implemented. ••••• If you have any questions about this video's topic or retirement planning in general, visit https://www.parallelwealth.com/ or use the links below to learn more about our services. ➡️Fee For Service Retirement Planning: https://www.parallelwealth.com/planning ➡️Retirement Income Program™: https://www.parallelwealth.com/invest... ➡️Parallel Wealth Masterclass: https://www.parallelwealth.com/education Additional 3rd Party Links and Resources: 🔗️Retirement Income for Life: Getting More without Saving More (Second Edition): https://amzn.to/3tvIdVN 🔗️Free Credit Report with Borrowell: https://bit.ly/borrowellPWFG 🔗️CPP Calculator: https://research-tools.pwlcapital.com... The above affiliate links are provided for your convenience. If you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each product and service we provide links to. ••••• DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes. The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.