How can I transfer the pension income only, not the tax withheld at source, per the T4RIF, using the pension income splitting optimizer? Ron

roncannata · ‎October 30, 2019

It was not my intention for my wife to receive credit for taxes withheld from me on my RRIF withdrawal. How do I over-ride the tax withheld side of the pension transfer.

TurboTaxKim · ‎October 30, 2019

Unfortunately, you can't. There is no way to split your pension income without splitting the taxes withheld as well.

CRA rules are: The income tax that is withheld at source from the eligible pension income will have to be allocated from the transferring spouse or common-law partner to the receiving spouse or common-law partner in the same proportion as the pension income is allocated.

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How can I transfer the pension income only, not the tax withheld at source, per the T4RIF, using the pension income splitting optimizer? Ron

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