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Sharing CPP benefits.....has its benefits.

March 05, 2013 at 5:11 PM

101(8)

CPP SHARING

                        Spouses or common-law partners who are both at least 60 years old and who are both receiving the CPP retirement pension can share their CPP retirement benefits.  If only one of you is a CPP contributor, you may share that one pension.  This may have tax advantages.

The portion of the retirement pension that can be shared is based on the number of months you and your spouse or common-law partner lived together during your joint contributor period.  Your joint contributor period is the time during which either one of you could have contributed to the CPP if you had sufficient earnings.

 

See the HRSDC website for more details on CPP sharing.

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