Author Archives: thinkpladmin

Is Pension Income-Splitting Available for Year of Death?

In Canada, while many tax credits and benefits are available based on family income, a graduated tax bracket system applies to the individual when taxing income. This is the case even for married or common-law partners (CLPs) where each spouse … Continue reading

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Death of an RRSP/RRIF Annuitant – Do tax-deferred rollovers make sense?

When an RRSP1 or RRIF annuitant dies, the deceased is normally required to include the full value of the plan in income for the year of death where the amount is subject to tax on the deceased’s terminal tax return. Exceptions … Continue reading

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