Fee for service financial planning: https://www.parallelwealth.com/ffs

Income splitting is a valuable tool that can save you thousands in taxes. I often get a lot of questions about what types of income can be split and how to actually do it, so we'll go through that in this video along with some strategies that involve spousal RRSPs & TFSAs at the end of the video.

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at https://www.parallelwealth.com/planning or email [email protected]

OUTLINE:
0:00 - Introduction
1:03 - Tax Savings
2:58 - T1032 Form
4:38 - OAS Clawback
5:45 - What Can Be Split?
7:21 - Spousal RRSP
9:40 - Importance of TFSA
11:16 - Summary
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

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