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April 24, 2023
Question

How can I avoid splitting the tax deducted on pension income. I used pension income splitting which then automatically split the tax deducted on that pension.

  • April 24, 2023
  • 2 replies
  • 0 views
The pension splitting optimizer automatically splits the tax deducted. I cannot change it.

    2 replies

    HebaE
    May 1, 2023

    Hi

     

    When splitting the pension income, you have to split the taxes as well. You will not be able to avoid this step.

    For further information on pension splitting, please check this link https://turbotax.intuit.ca/tips/understanding-pension-income-splitting-for-seniors-5521

     

    Thank you for choosing TurboTax. 

    May 1, 2023

    Hello Larry, 

     

       We appreciate your question. Please review Step 5 of the T1032 form. This step is required to carryout the election. 

     

       Furthermore, please ensure that you and your spouse or common-law partner has signed the T1032. Should the CRA review this election, they will require this form's submission.