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Question 9 Pension splitting for couples over age 65 can be applied to pension, CPP and RRIF income. is only possible by equalizing RRSP plans. is only possible with employer pension and CPP income. requires the couple to do a CPP pension assignment first.

Question 9 Pension splitting for couples over age 65 can be applied to pension, CPP and RRIF income. is only possible by equalizing RRSP plans. is only possible with employer pension and CPP income. requires the couple to do a CPP pension assignment first.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 9 Pension splitting for couples over age 65 can be applied to pension, CPP and RRIF income. is only possible by equalizing RRSP plans. is only possible with employer pension and CPP income. requires the couple to do a CPP pension assignment first. Question 10 Even though you expect to receive OAS and CPP, a common rule of thumb is in order to be able to retire comfortably is to maximize OAS and CPP and GIs. to save an additional 10 percent of gross earnings in a variety of pension investments. to make sure you are in a long-term pension plan. to save at least 10 percent of after-tax earnings in retirement accounts.
Transcribed Image Text:Question 9 Pension splitting for couples over age 65 can be applied to pension, CPP and RRIF income. is only possible by equalizing RRSP plans. is only possible with employer pension and CPP income. requires the couple to do a CPP pension assignment first. Question 10 Even though you expect to receive OAS and CPP, a common rule of thumb is in order to be able to retire comfortably is to maximize OAS and CPP and GIs. to save an additional 10 percent of gross earnings in a variety of pension investments. to make sure you are in a long-term pension plan. to save at least 10 percent of after-tax earnings in retirement accounts.
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