Completing your tax return

To calculate your claim, complete the chart for line 314 on the Federal Worksheet. Enter on line 314 of Schedule 1, Federal Tax, the amount that appears on line A of the Federal Worksheet chart for line 314 or $2,000, whichever is less.

If you and your spouse or common-law partner elected to split pension income, follow the instructions at Step 4 on Form T1032, Joint Election to Split Pension Income, to calculate the pension amount to enter on line 314 of your and your spouse's or common-law partner's Schedule 1. Enter the amount on line 314 of Schedule 1 as follows:

• If you are the transferring spouse or transferring common-law partner, enter the amount from line K of Form T1032 or $2,000, whichever is less.
• If you are the receiving spouse or receiving common-law partner, enter the amount from line N of Form T1032 or $2,000, whichever is less.

Remember to claim the corresponding provincial or territorial non-refundable tax credit to which you are entitled on line 5836 of your provincial or territorial Form 428.

Forms and publications

• General Income Tax and Benefit Package - Guide, Returns, and Schedules
• Form T1032, Joint Election to Split Pension Income

Date modified:

2017-01-03