Re: In Pension splitting, the Pensioner (you) amou...

Seniors and students



When splitting eligible pension income this is normal, in that the total of your eligible pension income, $15,000, will be included in your Total income and $7,500 will be included in your spouse's total income.  As you proceed through your return, you will note that the amount that you split with your spouse, $7,500 will be claimed as a deduction from your total income when calculating your Net income, thus removing the amount from your Taxable income.


And "yes" you will see this when you file.