Pension income splitting

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

Topics

• Eligible pension income
• Can you elect to split your pension income?
• How to split your pension income
• How to report your split-pension income amount
• How to claim the pension income amount
• How to calculate income tax deducted at source entered on line 43700 of your return
• Federal, provincial and territorial benefits, credits and programs

What is a transferring or receiving spouse or common-law partner?

Transferring spouse or common-law partner

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

Receiving spouse or common-law partner

For the purpose of the joint election to split pension income, the receiving spouse or common-law partner is the individual who is allocated part of the eligible pension income from their spouse or common-law partner (the transferring spouse or common-law partner).

Forms and publications

• Income Tax Package
• Form T1032, Joint Election to Split Pension Income

Related topics

• Line 11500 – Other pensions and superannuation
• Line 11600 – Elected split-pension amount
• Line 12900 – Registered retirement savings plan (RRSP) income
• Line 21000 – Deduction for elected split-pension amount
• Line 31400 – Pension income amount
• Line 43700 – Total income tax deducted