Huguette, age 50, and Alain, age 55, have been married for 30 years. Huguette worked for 10 years prior to giving birth

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Huguette Age 50 And Alain Age 55 Have Been Married For 30 Years Huguette Worked For 10 Years Prior To Giving Birth 1 (38.13 KiB) Viewed 12 times

Huguette, age 50, and Alain, age 55, have been married for 30 years. Huguette worked for 10 years prior to giving birth to their third son. She has been out of the workplace for 25 years and has never invested in an RP. Alain will retire at age 65 and will receive pension income corresponding to 70% of his current income of $85,000. He has $100,000 Invested in RRSPs, $60,000 of unused RRSP contribution room and contributions of $30,000 in a TFSA. What can be said about their financial situation? O They will not qualify for pension income splitting. O They will not be eligible for the assignment of CPP/QPP benefits. O Huguette will be eligible for the Guaranteed Income Supplement. O They should maximize the possibility of income splitting.