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New Member
posted Apr 30, 2023 7:17:59 PM

I've split my pension with my wife but the 50% amount is still shown under my income summary as well as under my wife's.

Ie:  Pension is $50000, my wife shows the 50% split ($25000) but I still show the full $50000 under my income.  Should it not be $25000?  It seems like I'm being taxed on 150% of the pension income I received.  If I split it, then my portion should decrease an equal amount should it not?

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1 Replies
Returning Member
May 1, 2023 8:17:34 AM

Your income would still show as $50,000 but you should see a deduction from your net income of $25,000 to reflect the pension splitting.  Hope that helps!