5. How can pension splitting and tax credits reduce my income 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 :)
Resources mentioned in the podcast are available on my blog at https://walhoutfinancial.ca/insights/retire-me-episode-5-how-can-pension-splitting-and-tax-credits-reduce-my-taxes-in-retirement
Thanks for listening!