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      • Yes, our retirement calculator can be used by couples or individuals. To create a combined retirement plan for you and your partner, enter their income and savings into the extra fields below the calculator, and be sure to check the 'I have a partner' box.
      www.wealthsimple.com/en-ca/tool/retirement-calculator
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  2. The Canadian Retirement Income Calculator will provide you with retirement income information. This includes the Old Age Security (OAS) pension and Canada Pension Plan (CPP) retirement benefits. To estimate your retirement incomes from various sources, you will need to work through a series of modules. You will then need to compare them to your ...

  3. Yes, our retirement calculator can be used by couples or individuals. To create a combined retirement plan for you and your partner, enter their income and savings into the extra fields below the calculator, and be sure to check the 'I have a partner' box.

  4. Jun 21, 2021 · If one spouse’s income or assets are higher than the other, a spousal RRSP can help equalize retirement assets and future income.

  5. Sep 14, 2023 · Using a calculator to help plan your retirement as a couple. Once you’ve thought through the what, when and how of your retirement, you can begin to put numbers to an actual retirement budget. Estimate as closely as possible your retirement income, and your weekly/monthly expenses, taking inflation into account.

    • Do you qualify. To qualify for pension sharing of retirement pension(s), you must meet the following conditions: be living with your legal spouse or common-law partner, and.
    • How much could you receive. There are 2 ways to share a pension: if only 1 of you contributed to the CPP and/or the Quebec Pension Plan (QPP), you can share the 1 pension.
    • When to apply. Pension sharing starts as soon as we approve your application. A pension-sharing arrangement cannot be backdated.
    • Who should complete the application. If you and your spouse or common-law partner meet the eligibility requirements and would like to share your CPP retirement pensions, either you or your legal spouse or common-law partner can apply.
  6. Contributions made to a spouse’s or common-law partner’s RRSP can be claimed on the deceased individual’s income tax and benefit return up to that individual’s RRSP deduction limit for the year of death.

  7. Dec 19, 2023 · A spousal RRSP is a type of registered retirement savings plan (RRSP) that’s available to married couples and common-law partners.* It allows couples to split their income and grow their retirement savings while lowering the amount of tax they pay together.

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