2012-02-05, 05:44 PM
I was happy to see figures directed toward a person on his own for a change. It seems that everything I read is meant for couples. Couples have so many financial advantages that aren't available to singles.
2012-02-05, 09:08 PM
Originally Posted by steve41
Thank you very much for these numbers. So beeing merried does really helps - about 10k more money comparing to having same amount of money but paying penalty for beeing single. That is actually more than I tought.
Thanks again for numbers!
2012-02-06, 10:14 AM
Many unretired people don't appreciate the generous pension splitting provisions available to married couples. If you have a large pension you can save maybe $5-10k in taxes by electing to split it with your spouse. In my case it causes all the planning I put into income splitting to be mostly unneccessary. As it stands now both my wife and I pay taxes at the max marginal rate so further income splitting not necessary. As an aside, there are way more significant reasons other than taxes to be in a good marriage.