Why does Sch 2 subtract the spouse's adjusted taxable income -- rather than their federal tax -- from the age amount?

My federal tax is zero but I can't transfer the age amount to my spouse because of the way Sch 2 is set up.

913

1 Best answer

Level 11

Oct 30, 2019 11:58:28 PM

The age amount transfer is based upon net income as per CRA, not federal tax owed unfortunately.

Level 11

Oct 30, 2019 11:58:28 PM

The age amount transfer is based upon net income as per CRA, not federal tax owed unfortunately.

New Member

Oct 30, 2019 11:58:30 PM

That is unfortunate, but your reply is very clear, thanks.