Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department. Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
Subject: PENSION SPLITTING MARRIAGE BREAKDOWN SOURCE DEDUCTIONS Section(s): 56(1)(a)(i), 153(1), 60(c)]
March 3, 1992
Source Deductions Division R.B. Day
A. Bissonnette (613) 957-2136
Director
920418
XXX
Pension Splitting on Marriage Breakdown
Application of 56(1)(a)(i) and 153(1)
We are forwarding, for your consideration and reply, the February 6, 1992, Round-Trip memorandum from Source Deductions Division in the Scarborough District Office and the accompanying letter from the taxpayer's representative dated January 14, 1992.
In situations similar to this one, we have taken the position that each individual has a proprietary interest in their respective share of the pension benefits and that each individual should report their respective share of the pension benefit as income under paragraph 56(1)(a)(i). This is consistent with the comments in paragraph 11 of IT-499R dated January 17, 1992. In this regard we have also taken the position that where the separation agreement or court order provides for a pension split, such a splitting of income does not qualify as a maintenance or similar payment deductible under paragraphs 60(b),(c) or (c.1) as the case may be.
XXX
We would also appreciate receiving a copy of your reply to the District Office.
B.W. Dath
Director
Business and General Division
Rulings Directorate
Legislative and Intergovernmental
Affairs Branch
- c. c. V. Cassidy Source Deductions Scarborough District Office
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