A pension assignment is when a married or common-law couple decides to share their CPP retirement pensions in order to reduce their income taxes.

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A pension assignment allows spouses or common-law partners to split their Canada Pension Plan retirement pensions in order to lower their overall income and reduce their tax burden. This can be beneficial for couples who have different retirement incomes or who want to minimize their tax liability.

A Pension Assignment Is When a Married or Common-Law Couple