Pension Splitting Rules Tighten – CRA’s 2025 Crackdown Explained For Retirees
Tax planning is a vital part of retirement security for Canadian seniors. One powerful tool—pension income splitting—allows retirees to reduce their tax burden by allocating up to 50% of eligible pension income to a lower-income spouse or common-law partner. But the Canada Revenue Agency (CRA) has recently tightened enforcement around eligibility rules for 2025. Here’s what retirees need to … Read more