Seniors and students

No, as seen in our TurboTax article Understanding Pension Income Splitting for Seniors 

  • The transferred portion is reported on Line 11600 of the income tax return of the transferee.
  • The deducted portion is reported on Line 21000 of the transferor’s income tax return
  • When you transfer some of your pension income, your taxes paid which are associated with the transferred amount will be reduced and transferred on the transferee’s income return. So Line 43700 of both returns will be changed accordingly.

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