My total income reported shows my total income before pension splitting but my wife’s total income has the pension income splitting included. Is this an error?

When you split your pension with your spouse, you will still see the full amount of the pension you received on your tax return.

The full amount of the pension being split is reported in the Total Income section of the tax return (Line 115 - Pension Income).

Then the amount you are splitting with your spouse is deducted from your return in the next section to arrive at Net Income (Line 210 - Deduction for Split Pension Amount).

Your spouse will have one entry on Line 115.

 

There are a few situations that affect income splitting. 

"Because pension splitting changes the net income of both spouses, it’s important to consider any impacts beyond your tax return. While pension splitting can drop one spouse’s net income low enough to avoid an OAS clawback, in some cases the spouse receiving the transfer may be pushed over the income limit. Other programs such as long-term care subsidies also consider net income when determining eligibility so be sure to research any limits when deciding if pension splitting is right for you." 

 

TurboTax Standard, Premier, and Self-Employed editions include a Pension Income Splitting Optimizer that will help you divide your pension income between spouses for your maximum refund. 

 

You can read more about it here: https://turbotax.intuit.ca/tips/pension-income-splitting-lets-you-split-your-income-with-your-spouse...

 

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