What does CPP sharing net transfer mean?
Where to find it: TIME MACHINE results → click the year
CPP/QPP sharing reallocates part of the spouses’ pension payments between them in the projection. The net-transfer line shows the resulting amount moving from the spouse with the larger pension to the other. It is not a second pension or extra household income.
To model sharing, open CPP/QPP and OAS and enter the date cohabitation began in the sharing field. TIME MACHINE uses the shared period and begins the strategy when both pensions have started. Removing the cohabitation date removes this modelled strategy.
This differs from pension-income splitting on a tax return. CPP/QPP sharing affects the pension amounts allocated to each spouse; the app’s pension-income-splitting calculation handles eligible retirement income separately.