Pension Income Splitting for Couples 💯

One of the interesting things about pension income splitting is there's actually if you have a spouse, and that spouse is at a lower income level, you both can claim this pension income amount, which is a $2,000 benefit for each of you. And so when you are able to split, you both get to claim that, you know, and it works really well if only one of you has a pension. And that's the case for myself and my wife. I'm the one with the pension income. And so we get to utilize this process. Okay.

So you each get an allotment for a benefit amount that can be utilized. And this this amount that you can claim, I guess, for eligible pension. The the advantage being that if if the pension's in your name and you're the only one that has one, because you can split it, there's an additional benefit you can both use.