Bifalgorithm post

Income splitting with a spouse. For couples, splitting income is a simple but highly effective strategy. Riff withdrawals, eligible pensions, and certain other income types can be split once you're both 65. This reduces the higher income spouses reported income and can eliminate clawbacks altogether. Manage capital gains carefully. Large one-time gains can devastate your OAS in a single year. Instead of selling a property or a large investment all at once, consider spreading the sales over multiple years or using capital loss harvesting strategies to offset gains. If a sale is unavoidable, it may make sense to plan it for a year when your other income is unusually low.

Income splitting with a spouse. For couples, splitting income is a simple but highly effective strategy. Riff withdrawals, eligible pensions, and certain other…