JimJ Posted April 17, 2022 Report Share Posted April 17, 2022 T1032 is used to transfer pension income between spouses. I let the s/w "optimize" our combined returns. But it produces a large refund for one and a roughly equal amount owing on the other return. How do I access the T1032 so that the refund & owing are both reduced? JimJ Quote Link to comment Share on other sites More sharing options...
TheTaxSmith Posted April 17, 2022 Report Share Posted April 17, 2022 Look for the pension splitting analysis form when you calculate your return. It indicates the benefit for the pension split. If it indicates a net over all reduction in tax for your family then all good. It does happen that due to similar incomes and deductions being shared that the difference might be minimal. To test you can turn off pension splitting but the program is usually working in your interests no matter how small that is. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.