I am reading the Service Canada website and from what I understand, there is no way to avoid CPP credit splitting since we live in Ontario. I was thinking to make an offer of cash/assets in the SA in return for agreement to leave the pension plans alone.
We are both gov't employees, making about the same income, with about 25 more years of work ahead of us. Married for 10 years. Given that at age 65 some low income years will be dropped from the calculation of benefits, I am unsure if it's even worth considering to avoid the split.
Could anyone please confirm that there is no alternative currently to the credit split?
Thanks.
We are both gov't employees, making about the same income, with about 25 more years of work ahead of us. Married for 10 years. Given that at age 65 some low income years will be dropped from the calculation of benefits, I am unsure if it's even worth considering to avoid the split.
Could anyone please confirm that there is no alternative currently to the credit split?
Thanks.
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