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.
CRA source-linkedAnnual source checkTax and retirement
Current snapshot
Pension splitting anchors
Maximum allocationSource data
Election formSource data
Election per yearSource data
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
| Area | Item | Rule | Context |
|---|---|---|---|
| Source data | Source data | Source data | Source data |
Notes and assumptions
Pension income splitting rules are maintained with the source values for this reference.
Official sources
- Source links are maintained with this reference.