Retirement and tax reference
Pension Income Splitting
CRA source-backed rules for eligible pension income, the 50% allocation limit, Form T1032, and related tax-return effects.
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Current snapshot
Pension splitting anchors
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Plain-language context
What this reference means
Pension income splitting is a joint tax election that can allocate part of one spouse's or common-law partner's eligible pension income to the other spouse or common-law partner.
The CRA rules distinguish eligible pension income from non-eligible amounts such as CPP, QPP, and OAS. The allocation can also change individual net income, source-tax reporting, and some credits or benefits.
Reference table
Pension income splitting rules
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Notes and assumptions
Pension income splitting rules are loaded from the shared OpenBook Planning retirement-rules data file.
Official sources
- Source links load from the centralized reference data file.