Quebec Raising Income Splitting Age


    Quebec plans to raise the age for income splitting on all sources of retirement income next year to 65. In its 2014 budget, it says more than 70 per cent of Quebecers under the age of 65 continue to hold a job and earn employment income while also receiving a pension from the registered pension plan. It expects to recoup $52 million in 2014-2015 as a result of the move.