How to claim the pension income amount
If you and your spouse or common-law partner elected to split your eligible pension income, follow the instructions at Step 4 of Form T1032, Joint Election to Split Pension Income, to calculate the amount to enter on line 31400 of both spouse's or common-law partner's income tax and benefit return.
The transferring spouse or common-law partner will be able to claim whichever amount is less:
- $2,000
- amount of your eligible pension income excluding amounts allocated to the receiving spouse or common-law partner
The receiving spouse or common-law partner will be able to claim whichever amount is less:
- $2,000
- amount of your pension income that is eligible for the pension income amount (using the chart for line 31400 on the Federal Worksheet) including the allocated pension income that is eligible for the pension income amount
Notes
The pension that qualifies for the pension income amount for the transferring spouse or common-law partner does not necessarily qualify for the pension income amount for the receiving spouse or common-law partner because eligibility can depend on age.
Read the note 2 in Step 4 of Form T1032 to determine the amount to enter on line 31400 of your spouse's or common-law partner's return.
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