Subsection 60.03(1)
Eligible Pension Income
Administrative Policy
18 March 2014 Internal T.I. 2013-0515081I7 - Pension income splitting - RCAs
Numerical examples where an individual over 65 in receipt of a pension out of a registered pension plan also receives an annuity out of a RCA.
4 July 2014 External T.I. 2013-0515541E5 - Life annuity payment out of an RCA
What is the meaning of "life annuity"? CRA responded:
RCA benefits that are payable on a periodic basis for the lifetime of the member of the RCA...
7 November 2013 External T.I. 2013-0501021E5 - Eligible income for pension income splitting
Respecting "the eligibility of amounts received out of a supplementary employee retirement plan ("SERP") for pension income splitting", CRA...
25 June 2012 External T.I. 2011-0398691E5 - Conversion of U.S. Traditional IRA into Roth IRA
CRA stated that, where a Canadian-resident individual converts a traditional US Individual Retirement Account ("IRA") to a Roth IRA, the amount of...
Articles
Jim Kahane, Uros Karadzic, Simon Létourneau-Laroche, "A Fresh Look at Retirement Compensation Arrangement: A Flexible Vehicle for Retirement Planning", Canadian Tax Journal (2013) 61:2, 479 – 502.
Overview (p. 488)
…Spouses will now be able to split RCA distributions to the extent that the beneficiary of the income is at least 65 years of...
Paragraph (a)
Administrative Policy
14 May 2019 CLHIA Roundtable Q. 14, 2019-0799191C6 - CLHIA Q. 14 - IPPs and pension splitting
The 2011 budget introduced measures for individual pension plans (“IPPs”) that generally parallel the “minimum amount”-based income...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 118 - Subsection 118(7) - Pension Income - Paragraph (a) - Subparagraph (a)(i) | required top-up payments to satisfy the minimum-amount IPP rules do not qualify for income-splitting | 272 |
5 October 2012 Roundtable, 2012-0453151C6 F - fractionnement de revenu de pension
At the time of his death, Mr. X held a registered retirement income fund ("RRIF") with an FMV of $200,000. Under Mr. X's will, his son is a...
Split-Pension Amount
Administrative Policy
29 October 2015 External T.I. 2015-0589051E5 F - Pension income splitting and bankruptcy
CRA confirmed that a joint s. 60.03(1) election can be made by a pensioner (Mrs.) and a pension transferee (Mr.) in the situation where the...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 128 - Subsection 128(2) - Paragraph 128(2)(f) | s. 60.03 deductions/inclusions still available | 64 |
4 November 2009 External T.I. 2009-0337451E5 F - Fractionnement de revenu de pension
Can a pensioner under age 65 split a pension received under his RPP and an annuity under his RRSP in the year of the death of the pension...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 118 - Subsection 118(7) - Qualified Pension Income | RPP pension, but not annuity paid out of his RRSP, was eligible as qualified pension income of pensioner for s. 60.03 splitting | 139 |
Subsection 60.03(2)
Administrative Policy
29 April 2020 External T.I. 2020-0845211E5 - Pension income splitting
In order to reduce the fees (based on net income for ITA purposes) incurred by the lower-income spouse at a retirement home, can that spouse...