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Justin and Sophie have been happily married for 30 years. Justin has been working for 40 years and Sophie has been working for 45 years.
Justin and Sophie have been happily married for 30 years. Justin has been working for 40 years and Sophie has been working for 45 years. Based on their CPP statements, Justin is entitled to the maximum CPP benefit of $980 per month and Sophie is entitled to $350 per month. Since they both has some additional retirement income they can count on, Justin and Sophie decide to assign (ie. share) their CPP benefits as one method to help minimize tax in their retirement. What is the maximum monthly amount that Justin can share with Sophie and vice versa (Sophie can share with Justin)? CPP benefits cannot be shared, only OAS and GIS Justin and Sophie can each share the full amount of each of their CPP pension amounts because they have been married for more than 25 years Justin can share $735/ month and Sophie can share $233.33/ month Justin can share $490/ month and Sophie can share $175/ month
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