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Joint Election to Split Pension Income (T1032)

Written by Sam Faris

Published on November 21, 2019

Last updated December 5, 2023

Table of Contents

    In order to split pension income amongst spouses, an election must be filed by each spouse. This election re-allocates eligible pensions between tax returns to reduce taxable income and combined taxes payable. The pension income can be split up to 50% for certain types of “eligible” pension income sources.

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    Sam Faris

    CPA, CGA, LPA, CPA (C.O.) (Expired), FACCA (U.K.)

    Sam Faris, President of Faris CPA, is a Licensed Public Accountant in Ontario, with affiliations to CPA Ontario, CPA USA, and FACCA U.K. Since 2003, he's excelled in resolving CRA disputes and tax audits. His firm offers diverse services, from bookkeeping to corporate tax planning, serving a wide client base. Renowned for his formidable track record against the CRA, Sam is a committed advocate and expert in tax resolution.

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