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Pension income splitting

Hi, I'm Raymond from the Canada Revenue Agency, and I'm here to talk to you about pension income splitting. If you're receiving eligible pension income, you may be able to allocate up to one half of that income to your spouse or common-law partner, in order to reduce your combined taxes. To do this, both of you will need to complete form T1032, Joint Election to Split Pension Income. If you file electronically, keep the form with your tax records in case we need to see it. If you file a paper return, you must include the form with your return. To learn more about pension income splitting, go to cra.gc.ca/seniors.

Excuse me, my phone is ringing. I should take this call. Canada Revenue Agency, Raymond speaking, how may I help you?

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