Did You Know
The Canada Pension Plan Act permits a spouse to apply for a share of the CPP credits of the former spouse to provide for an equal sharing of pension credits earned while the taxpayers were married? The CPP credits earned by both spouses during the marriage will be aggregated and then split equally.
Careful planning with a Chartered Professional Accountant is warranted. Contact Keith Anderson, BCom, CPA, CA-IT, CITP at (780) 447-5830 if you need advice.