Pension income splitting

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


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Pensioner
For the purposes of the joint election to split pension income, the pensioner is the individual who receives eligible pension income and who elects to allocate part of that income to his or her spouse or common-law partner (the pension transferee).

Pension Transferee
For the purposes of the joint election to split pension income, the pension transferee is the individual to whom is allocated part of the eligible pension income of his spouse or common-law partner (the pensioner).

Note

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 will have to decide which one of you will act as the pensioner and elect to allocate part of their eligible pension income to his or her spouse or common-law partner (the pension transferee).

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