How to split both spouses pensions (OMERS/RIFF) when TurboTax program only permits the splitting of one spouses pension?
Husband has OMERS Pension and his spouse receives pension income by a RIFF. When using the pension splitting otimizer it only permits the pension of one individual.
How to split both spouses pensions (OMERS/RIFF) when TurboTax program only permits the splitting of one spouses pension?
Only one joint election to split pension can be made for a tax year. If both spouses/common-law partners have eligible pension income, they will have to decide who will act as the transferring spouse/common-law partner and who will be the receiving spouse/common-law partner.
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