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Phil F

t1032 pension splitting

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It may have to do with other credits that would 'disappear' in the lower income return if a full 50% credit was applied. The calculation is interactive. You need to supply additional information as to what might be interacting in the 'lower income' return to stop the interaction at less than 50/50.

 

It may also have to do with type of pension income and age of the 'lower income' taxpayer.  Example: Some DB pension plans consist of both registered and unregistered components (my case). Only the registered component can be split.

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