Pension income splitting

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 if you are splitting your pension income or your spouse's or common-law partner's pension income.

Forms and publications

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

Related topics

• Line 115 - Other pensions or superannuation
• Line 116 - Elected split-pension amount
• Line 129 - RRSP income
• Line 210 - Deduction for elected split-pension amount
• Line 314 - Pension income amount
• Line 437 - Total income tax deducted