Thank you for your question.
There are requirement for splitting income - mostly in relation to pension income. For more information on splitting income, please see the links below.
Tax Tip: Income splitting benefits
Pension income splitting: How it works, advantages and conditions
Understanding Pension Income Splitting for Seniors
If you have any questions, please contact us.
I had pension income in 2022 which I split with my wife. In 2023, I did not take pension income other than CPP and earned income from employment. Is there a way to split this earned income or the CPP with my wife?
Can a person only split pension income?
Can I not pay my wife a wage and deduct that payment from my earned income?
Your reply says "mostly pension income". That leads me to believe that there is a way to split other income that is not pension income. I checked your links and they don't answer my question.
Please see our TurboTax articles for information on: Understanding Pension Income Splitting
Pension income splitting: How it works, advantages and conditions
Thank you for choosing TurboTax.