Pension income splitting

You (the transferring spouse or common-law partner) may be able to jointly elect with your spouse or common-law partner (the receiving spouse or common-law partner) to split your eligible pension income if you meet all of the requirements.

Topics

• Eligible and non-eligible pension income
• Do you qualify to split your pension income?
• How do you split your pension income?
• How do you report your split-pension income amount?
• How do you claim the pension income amount?
• How to calculate the income tax deducted at source that you have to enter on line 437 of your return.
• Other topics
  Effect of pension income splitting on federal, provincial and territorial benefits, credits, programs, and instalments.

Transferring spouse or common-law partner
For the purposes of the joint election to split pension income, the transferring spouse or common-law partner is the individual who receives eligible pension income and who elects to allocate part of that income to his or her spouse or common-law partner (the receiving spouse or common-law partner).

Receiving spouse or common-law partner
For the purposes of the joint election to split pension income, the receiving spouse or common-law partner is the individual to whom is allocated part of the eligible pension income of his spouse or common-law partner (the transferring spouse or common-law partner).

Forms and publications

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

Related topics

• Line 115 – Other pensions or superannuation
• Line 116 – Elected split-pension amount
• Line 129 – RRSP income
• Line 210 – Deduction for elected split-pension amount
• Line 314 – Pension income amount
• Line 437 – Total income tax deducted

Date modified:

2017-01-03