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Pension Splitting
There seems to be an error in the Pension splitting software.
SIUTUATION: I wish to split my pension with my spouse.
I fill in the amount that I wish to split in my T1. Because my spouse deceased in 2022 the software correctly pro rates the maximum amount that can be split. This all works perfectly...
I then go to my spouses T1 return and check the box that asks who's pension do you wish to split - which is of course mine. I then fill in the required data as obtained from the T1032 in my T1, and then enter the amount of pension to be split. WHEN I EXAMINE THE TAX OWING, IT HAS DECREASED not INCREASED AS IT SHOULD BE. There must be an algebraic sign reversal error in the software.
PLEASE Clarify..
signed "OldHat83"
THAT IS IT
March 27, 2023
5:12 PM