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Tax tips for the average Canadian over 60

Splitting CPP with a spouse

The government gives you the option to split your CPP with a spouse after you have been together for a certain period of time. Giving you the option to split your CPP can be very beneficial when one of the two may be in a higher tax bracket than the other. Unfortunately, this has to be done with Human Resources & Social Development Canada with Form ISP-1002 and months prior to the tax return season

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