Did you know that when you and your significant other retire, you can share your pensions under the Québec Pension Plan (QPP)?
What is pension sharing?
Pension sharing is a transfer of income from one partner to the other. It is established according to the number of years lived together. It is a strategy that allows the income taxes to be reduced, which alleviates the tax burden of the person with the higher pension.
Who can benefit from it?
You and your spouse must be:
- age 60 or over;
- spouses under the
QPP and have been living together for at least three years (or one year if you have a child together, have adopted a child or one of you has adopted the other person's child).
In addition, you or your spouse must not be married or in a civil union with another person.
You or your spouse did not contribute to the
QPP? No problem! You can still apply for pension sharing.
Sharing for life?
No. If your union ends or one of you dies, sharing ceases automatically. The pensions are then reinstated as if sharing never occurred. You or your spouse can also decide to terminate the agreement at any time.
To apply for pension sharing
You must complete the
form available on our website and
send it to us online.
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