Jump to content
Français

Pension income Deduction on Income Splitting


Recommended Posts

My understanding is that she is eligible for the pension income amount on eligible pension income when I split that income with her even though she is not 65. And the program does not seem to be giving her the pension income non-refundable tax credit.

Link to comment
Share on other sites

"For clients under age 65, RRIF income, DPSP income, annuities, PRPP income, income-averaging annuity contracts, or RRSP income will only qualify for the pension income amount if they’re received because of the death of a spouse or common-law partner."

https://www.advisor.ca/columnists_/frank-di-pietro/understanding-the-pension-income-tax-credit/

 

Link to comment
Share on other sites

  • 4 weeks later...

I don't know why splitting isn't occurring but keep in mind the final return has to be mailed in and

Quote

Both the deceased person and their spouse or common-law partner must have signed Form T1032. If the form is being completed after the date of death, the surviving spouse or common-law partner and the legal representative of the deceased person's estate must sign the form. In some cases, the legal representative may be the spouse or common-law partner, in which case this person must sign for the deceased person too.

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...