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Income splitting provides several benefits for spouses. Which of the following is NOT a benefit of income splitting? Select one: a. Splitting pensions from the
Income splitting provides several benefits for spouses. Which of the following is NOT a benefit of income splitting? Select one: a. Splitting pensions from the Canada Pension Plan (CPP) and Old Age Security (OAS) will increase the total pension income tax credit for the couple. b. The higher tax bracket spouse can move RRSP assets to the lower tax bracket spouse c. Income splitting has the potential to reduce or eliminate the Old Age Security claw back d. The higher tax bracket spouse can move pension assets to the lower tax bracket spouse
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