Are you using TurboTax CD/Download or TurboTax Online?

I am having the same issue using Turbotax download. In the Total Income Summary the split pension shows up on one spouse but isn't removed from the other spouse.

If you look at the actual T1 form, is the split amount shown on line 21000 of the transferring spouse's or common-law partner's return and on line 11600 of the receiving spouse's or common-law partner's return?

Yes it is, thank you.

BUT, now I can see that the pension splitting optimizer is NOT working correctly. My spouse and I both have pension income BUT my spouses is higher. When I use the optimizer it tells me to split exactly 50% of my spouses pension income which ends up making my total income much higher than my spouses. The optimizer  SHOULD equalize the total incomes should it not? 

@MacN62 Using an optimizer is optional. It doesn't equalize the split amount. You can always adjust to a different amount that you would like to split.