I am not sure if split income applies to me

 

Seniors and students

Thank you for your question.

 

There are requirement for splitting income - mostly in relation to pension income. For more information on splitting income, please see the links below.

 

Tax Tip: Income splitting benefits

Pension income splitting: How it works, advantages and conditions

Understanding Pension Income Splitting for Seniors

 

If you have any questions, please contact us.

Seniors and students

I had pension income in 2022 which I split with my wife. In 2023, I did not take pension income other than CPP and earned income from employment.  Is there a way to split this earned income or the CPP with my wife?

Seniors and students

Can a person only split pension income?

Can I not pay my wife a wage and deduct that payment from my earned income?

Seniors and students

Your reply says "mostly pension income". That leads me to believe that there is a way to split other income that is not pension income. I checked your links and they don't answer my question.

Seniors and students

Please see our TurboTax articles for information on: Understanding Pension Income Splitting

Pension income splitting: How it works, advantages and conditions

 

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