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 date. The information on the forms must be the same.

You can allocate up to half (50%) of your eligible pension income to your spouse or common-law partner.

Only one joint election can be made for a tax year. If both you and your spouse or common-law partner have eligible pension income, you need to decide who will act as the transferring spouse or common-law partner electing to allocate part of their eligible pension income to the receiving spouse or common-law partner.

Under certain circumstances, we may allow you to make a late or amended election, or revoke an original election if the application is made on or before the day that is three calendar years after the filing-due date for the year that the election applies. You and your spouse or common-law partner must agree to any amendment or revocation of the election.

If you want to amend the amount elected previously, or make any changes to the previously-reported pension income, a new fully-completed and jointly-signed Form T1032 is required.

If you want to revoke the election to split pension income, you need to send a letter requesting to revoke the election and the letter must be signed by you and your spouse or common-law partner.

For more information, contact us.

Forms and publications

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

Related topics

• Line 11500 – Other pensions or 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