I earn about $30,000 more than my husband. How do I do the income split or does turbotax automatically do it?

Answer

File your taxes as a spousal return and TurboTax willl automatically calculate the Family Tax Cut for you.

Here's another post on the Community with lots of comments and useful tips...
https://turbotax.community.intuit.ca/questions/1043344-income-splitting-2014-tax-changes

You can claim the Family Tax Cut for a tax year if:

  • You were a resident of Canada on December 31 of the year (or on the date of death);
  • You have an eligible spouse or common-law partner for the year who has not claimed the Family Tax Cut;
  • You have a child who is under 18 at the end of the year who ordinarily lives throughout the year with you or your eligible spouse or common-law partner;
  • You were not confined to a prison or similar institution for a period of at least 90 days during the year;
  • Neither you nor your eligible spouse or common-law partner became bankrupt in the year;
  • Neither you nor your eligible spouse or common-law partner elected to split eligible pension income in the year; and
  • Both you and your eligible spouse or common-law partner file an income tax and benefit return for the year.
Was this answer helpful? Yes No

No answers have been posted

More Actions

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Do you still have a question?

Ask your question to the community. Most questions get a response in about a day.

Post your question to the community