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.
Principal Issues: Is it possible to split pension income from a registered plan between spouses for income tax purposes?
Position: No.
Reasons: The Act does not permit the splitting of pension income from a registered plan for income tax purposes.
Signed on September 27, 2006
XXXXXXXXXX
Dear Colleague:
Thank you for your letter received on September 11, 2006, and the attached article from CARP magazine, concerning the splitting of pension income for income tax purposes.
The Canada Revenue Agency (CRA) is responsible for administering and enforcing the income tax legislation as enacted by Parliament. There exists no law that would enable the CRA to accommodate the splitting of pension income from a registered plan for income tax purposes. Any proposed changes to tax policy or amendments to legislation would have to be considered by the Minister of Finance and approved by Parliament. I am therefore forwarding a copy of your letter to the Honourable James M. Flaherty, Minister of Finance, for his consideration.
Thank you again for having taken the time to write.
Sincerely,
The Honourable Carol Skelton, P.C., M.P.
c.c.: The Honourable James M. Flaherty, P.C., M.P.
Minister of Finance
House of Commons
Ottawa ON K1A 0A6
Gary Allen
952-9853
September 14, 2006
2006-020498
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