How is CPP splitting calculated?
CPP splitting is calculated by adding the pensionable earnings together and dividing by two. This forms the permanent reallocation of pensionable earnings “credits” between spouses after a separation/divorce.
Is CPP credit splitting worth it?
CPP credit splitting can be beneficial in certain circumstances. It may help a lower earning spouse qualify for benefits and can affect the amount of any current or future benefits under the CPP program for [...]
Is CPP credit splitting mandatory in Ontario?
Yes, the Canada Pension Plan (CPP) credit split is generally automatic upon divorce or legal separation in Ontario.
Is my ex-spouse entitled to my CPP?
Yes, your ex-spouse may be entitled to a portion of your CPP through a process called credit splitting. This process is generally automatic upon divorce or legal separation in Ontario.
What happens to my CPP when I get divorced?
When you get divorced, your Canada Pension Plan (CPP) contributions can be split between you and your ex-spouse. This process is known as credit splitting and can affect the amount of any current or future [...]