Search Canada Revenue Agency

COVID-19: Important updates
 
Find more information on tax and benefits measures to help support Canadians during the COVID-19 pandemic.

About 995 search results for "split income"

T1206 Tax on Split Income - 2019

Canada Revenue Agency

https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1206.html

Jan 21, 2020 ...T1206 Tax on Split Income - 2019 For best results, download and open this form in Adobe Reader. See General information for details. You can view this form in: PDF t1206-19e.pdf PDF fillable/saveable t1206-fill-19e.pdf Last update: 2020-01-21 Previous-year versions are also available.

Line 40424 – Federal tax on split income

Canada Revenue Agency

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-40424-federal-tax-on-split-income.html

Jan 21, 2020 ...Line 40424 – Federal tax on split income Note: Line 40424 was line 424 before tax year 2019. Tax on split income (TOSI) applies to certain types of income of a child born in 2002 or later, as well as to amounts received by adult individuals from a related business. Where TOSI applies, the disability tax credit, dividend tax credit and foreign tax credit can

Guidance on the application of the split income rules for adults

Canada Revenue Agency

https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/income-sprinkling/guidance-split-income-rules-adults.html

Jul 10, 2019 ...Guidance on the application of the split income rules for adults Notice to the reader  This measure has received Royal Assent. The Department of Finance consultation paper, Tax Planning Using Private Corporations, released on July 18, 2017, included proposed amendments to expand the existing tax on split incomeFootnote 1 to restrict income sprinkling

T1032 Joint Election to Split Pension Income for 2019

Canada Revenue Agency

https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1032.html

Jan 21, 2020 ...T1032 Joint Election to Split Pension Income for 2019 For best results, download and open this form in Adobe Reader. See General information for details. You can view this form in: PDF t1032-19e.pdf PDF fillable/saveable t1032-fill-19e.pdf For people with visual impairments, the following alternate formats are also available: E-text t1032-19e.txt Large

Tax on split income – Excluded shares

Canada Revenue Agency

https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/income-sprinkling/guidance-split-income-rules-adults/excluded-shares.html

Jul 10, 2019 ...Tax on split income – Excluded shares  Tax on split income (TOSI) relates to the rules for determining whether an individual will be taxed at the highest marginal tax rate on income derived from a business. Starting with the 2018 tax year, these updated rules apply for adults aged 18 or older. Individuals may be excluded from TOSI if the income they receive

How do you split your pension income?

Canada Revenue Agency

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/pension-income-splitting/you-split-your-pension-income.html

Jan 21, 2020 ...How do you split your pension income? The transferring spouse or common-law partner and the receiving spouse or common-law partner must make a joint election on Form T1032, Joint Election to Split Pension Income. This form must be completed, signed and attached to both spouse's or common-law partner's paper returns and filed by the respective filing due

How do you report your split-pension income amount?

Canada Revenue Agency

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/pension-income-splitting/you-report-your-split-pension-income-amount.html

Jan 21, 2020 ...How do you report your split-pension income amount? Transferring spouse or common-law partner If the transferring spouse or common-law partner and the receiving spouse or common-law partner have jointly elected to split the transferring spouse or common-law partner's eligible pension income by completing Form T1032, Joint Election to Split Pension Income

T1206 ARCHIVED - Tax on Split Income - 2019

Canada Revenue Agency

https://www.canada.ca/en/revenue-agency/services/forms-publications/previous-year-forms-publications/archived-t1206.html

Jan 21, 2020 ...ARCHIVED - T1206 Tax on Split Income - 2019 We have archived this page and will not be updating it. You can use it for research or reference. We have archived this page and will not be updating it. You can use it for research or reference. Available for the years listed below: 2018 - PDF - t1206-fill-18e.pdf 2018 - PDF - t1206-18e.pdf 2017 - PDF - t1206

Pension income splitting

Canada Revenue Agency

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/pension-income-splitting.html

Jan 21, 2020 ...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 pension income Do you qualify to split your pension income? How do you split

Eligible pension income

Canada Revenue Agency

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/pension-income-splitting/eligible-pension-income.html

Jan 21, 2020 ... spouse or common-law partner are not eligible for pension income splitting: old age security payments Canada Pension Plan, Quebec Pension Plan any foreign source pension income that is tax-free in Canada because of a tax treaty that entitles you to claim a deduction at line 25600 income from a United States individual retirement account (IRA) amounts from a RRIF

Report a problem or mistake on this page
Please select all that apply:

Thank you for your help!

You will not receive a reply. For enquiries, contact us.

Date modified: