Reducing your tax burden may be of utmost importance to you for better retirement planning. If you earn a high amount, you can split your income in Canada. The best part is that there are many income-splitting options in this country.
You use pension splitting to benefit from income splitting before retirement. Here is everything you need to know about this option to reduce your tax burden.
Pension Splitting Explained
Pension splitting is a famous method of giving 50% of your eligible pension income to your husband, wife, or partner as per...