Pension income splitting

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

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Transferring spouse or common-law partner
For the purposes of the joint election to split pension income, the transferring spouse or common-law partner 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 receiving spouse or common-law partner).

Receiving spouse or common-law partner
For the purposes of the joint election to split pension income, the receiving spouse or common-law partner is the individual to whom is allocated part of the eligible pension income of his spouse or common-law partner (the transferring spouse or common-law partner).

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 who will act as the transferring spouse or common-law partner and elect to allocate part of their eligible pension income to his or her spouse or common-law partner (the receiving spouse or common-law partner).

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