Q&A: Pension splitting
Question: I have been reading one of your books, Sleep Easy Investing, and find it is very helpful. One of the questions that comes up is pension splitting. My husband is receiving his provincial government pension while he is still working for another company. He is 58, I am 55. We are hoping to split his pension income as I have very little income to report. But I have been getting very confused answers regarding the age requirement to qualify for pension splitting. You have given one example in your book which is almost identical to our situation (page 103) so please advise us if we can split my husband’s pension. – Nandi W.
Gordon Pape answers: Yes, you can split the pension income. Age is not an issue if the money is received as a regular payment from a registered pension plan. Nor is the fact that your husband is still working a problem.