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Will income splitting effect my wifes disability pension
October 31, 2019
1:28 AM
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Seniors and students
Are you referring to Pension Splitting?
Is your wife's Disability pension a CPP benefit?
Is your wife's Disability pension a CPP benefit?
October 31, 2019
1:28 AM
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Seniors and students
My Wife is getting a Disability Pension (Benefit) CPP. I have claimed an early CPP and T4RIF income. If I make more than a certain dollar amount will they cut her off the disability pension?
October 31, 2019
1:28 AM
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Seniors and students
For starters, CPP pensions of any sort are not eligible for Pension Splitting.
Your T4RIF income may be eligible for Pension Splitting, depends on age.
Your wife's CPP Disability Pension (before tax) should not be affected by your income, but her tax situation could be affected by reduction of non-refundable credits.
Your T4RIF income may be eligible for Pension Splitting, depends on age.
Your wife's CPP Disability Pension (before tax) should not be affected by your income, but her tax situation could be affected by reduction of non-refundable credits.
October 31, 2019
1:28 AM
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Seniors and students
will pension splitting effect my husbands Canada Pension Disability benefits?
April 7, 2020
7:54 AM
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Seniors and students
You split the pension when you file the tax return, so it will not affect the CPP since it is not eligible for pension splitting.
The disability benefits amount is calculated in your earned income for registered retirement savings plan (RRSP)/ pooled registered pension plan (PRPP) purposes and will be used to calculate your RRSP/PRPP deduction limit. So the split pension is not considered an earned income.
I hope this was helpful
April 7, 2020
11:52 AM