Maximize tax breaks by equalizing joint retirement incomes, experts say
No matter where you stand in your financial life, it’s never a bad time to look at your readiness for retirement.
But planning for those “golden years” with a spouse or common-law partner is naturally more intricate than doing so alone, particularly if you want to use equalizing income strategies that maximize savings and tax breaks.
Original Article Source Credits: CPA Canada , https://www.cpacanada.ca/
Article Written By: SOPHIE NICHOLLS JONES
Original Article Posted on: 5.6.2021
Link to Original Article: https://www.cpacanada.ca/en/news/canada/2021-05-06-couples-retirement-equalizing-incomes