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Last updated: May 23 2024
Top Three Retirement Income Planning Questions
Knowledge Bureau’s Advanced Retirement Income Planning Course kicked off with a day long peer-to-peer learning summit that featured four expert presenters and a highly engaged audience of tax and financial advisors from across Canada. The online course is now available with recorded presentations and all the outstanding insights. Some of the top retirement planning questions coming out of the session appear below, together with insights about the value this 15 CE Credit Certificate course:
The Incredible Instructors: Evelyn Jacks, Doug Nelson, Carol Willes and Tony Mahabir provided an intelligent, comprehensive and experiential approach to the April 16 federal budget proposals, in particular the effect of the capital gains inclusion rate changes and their effect on investment, retirement, cottage succession and trust planning featuring a case-study and 
intergenerational approach.
Top Three Insights About the Value of this Course: the Advanced Retirement and Estate Planning course features recorded presentations from our distinguished Faculty plus an 5 chapter online course and quizzes for a total of 15 CE Credits. The course may be taken online over the summer with a deadline date of August 31. Here is what the participants have said about the instruction provided:
“KB always give us the latest and the most up to date financial information. The CE courses are very useful and include real life examples that help students understand the concepts/problems more easily. Lots of information are packed in this one-day Summit. However, the CE Savvy courses and the recordings give us chances to revise and refresh our mind later on.” – Maria Cheng
“I enjoyed the conversation of these wonderful intelligent educators...could listen for hours...it's really great. So I want to learn everything from them :)” – Tracy Khamis
“This was an incredibly informative session, thank you so much! . . .There was so many things I can use. . . it will really help my conversations with my clients.” – Joanne Thomas
Top Four Insightful Questions from the participants
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At what age can employees can opt out of paying CPP? You can opt out of paying CPP if you are between the ages of 65 and 70 and still working. |
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For those under age 65 can a pension benefit from a LIRA or LIF benefit qualify for pension income splitting in particular if it is from a Defined Contribution Plan? The answer is no. |
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If a taxpayer is 65 or over than there are no restrictions (other than the 50% rule) on splitting withdrawal with spouse and spouse also gets pension credit. Pension income splitting with spouse: Eligible pension income for the purposes of pension income splitting depends on whether you are under or over age 65. As outlined in EverGreen Explanatory Notes this includes amounts included in the taxpayer's income for the year that are: For people over the age of 65 -
For persons under 65, qualified pension income includes amounts included in the taxpayer's income for the year that are
Excluded Income Amounts Specifically excluded from the definitions of pension and qualified pension income are:
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Do the attribution rules apply to TFSA accounts?
Answer: According to the CRA: “You can give your spouse or common-law partner money so that they can contribute to their own TFSA, and this amount or any earned income from that amount will not be allocated back to you.”
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