(NC) - Pension income splitting can be a smart way to save on taxes especially if you're retired or nearing retirement.
"You can split registered pension plan income with your spouse and help save taxes but you should also make sure you don't cause yourself other problems," said David Ablett, a retirement planning expert at Investors Group.
"For example many people aren't aware that increasing the income of the lower taxed spouse could have an impact on various credits and benefits such as claiming medical expenses."
Financial tips and investment information are available online at www.investorsgroup.com.
