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Interst Income splitting
When a 50% split is specified for a T5 box 13 interst amount, my spouses account shows a 50% amount while my account shows the 100% amount. This is indicated on the respective T1 Supplementary forms and is carried through to the respective 12100 line, resulting in my spouse being taxed on 50% and me being taxes on 100%.
When I discovered this on my 2022 forms, I went back and checked my 2021 forms and the same problem was evident. The Tax department must really love this. Please respond as to how I can override this so each of us is taxes on 50% of the amount. Thank you.
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‎April 20, 2023
11:25 AM