Retirement

More »

Feb-10-2015

What you need to know about pension income splitting

Posted February 10th 2015

Pension income splitting allows senior couples to save a significant amount of tax by transferring up to 50 per cent of qualifying pension income to their spouse or common-law partner. There are specific requirements and only certain pension income is eligible, but splitting income allows money to be moved from one spouse’s higher tax bracket […]

Read more

Dec-08-2014

Do you need to have a will?

Posted December 8th 2014

Death is a topic that few, if any, like to talk about—particularly our own. But with death and taxes being the only definite things in life, we should be prepared for the inevitable whether its in the near or far future. Creating a will can help our loved ones carry out our wishes when we’re […]

Read more

Mar-12-2014

Don’t miss the pension income splitting deadline

Posted March 12th 2014

A good number of Canadians take advantage of the pension-splitting option, however they may not be aware that it comes with a fairly stringent time provision. Normally you can go back 10 years to make a late election you missed when you filed your return. However, in the case of pension income splitting, the request […]

Read more

More »

Can't find the answer you need?

Privacy Policy. This message may be considered advertising under applicable law. © 2016 H&R Block. All rights reserved.

*File Online: If you find another tax software preparation method that results in a larger refund (or smaller liability) than that calculated by the H&R Block online tax software, we will reimburse you the purchase price of that other method. Tax Protection or similar insurance is excluded. To qualify, the larger refund or smaller tax liability must not be due to differences in data supplied by you, your choice not to claim a deduction or credit, or positions taken on your return that are contrary to law. To obtain reimbursement, you must provide us with a dated receipt within [60] days of purchase. File in an Office: If you discover an H&R Block error on your return that entitles you to a larger refund (or smaller tax liability), we will amend the return at no additional charge. If H&R Block makes an error in the preparation of your tax return that costs you any interest or penalties on additional taxes due, although we do not assume the liability for the additional taxes, we will reimburse you for the interest and penalties.