T1032 - fill out and auto calculate/complete form online

Canada Revenue
Agency

Agence du revenu
du Canada

Protected B when completed

Joint Election to Split Pension Income

Complete this form if you (the transferring spouse or common-law partner) are electing to split your eligible pension income
with your spouse or common-law partner (the receiving spouse or common-law partner). You must meet all of the following
conditions:

•

You and your spouse or common-law partner were not living separate and apart from each other, because of a
breakdown in your marriage or common-law relationship, for a continuous period of 90 days or more which includes
December 31, 2023

•

You and your spouse or common-law partner were residents of Canada on December 31, 2023 (or on the date of death)

•

You received any of the following amounts in the tax year:

–

Pension income that qualifies for the pension income amount (see line 31400 of the Federal Worksheet), including
eligible veterans benefits

–

Certain qualifying amounts distributed from a retirement compensation arrangement (box 17 of your T4A-RCA slips) and
you reached 65 years of age before the end of the tax year

Note

Only one joint election can be made for a tax year. If both you and your spouse or common-law partner have eligible
pension income, you need to decide who will be transferring and who will be receiving. The transferring spouse or
common-law partner will be electing to allocate part of the eligible pension income to the receiving spouse or
common-law partner.

Filing instructions

If you are filing electronically, keep this form in case the Canada Revenue Agency (CRA) asks to see it later. If you are
filing a paper return, you must complete, sign, and attach copies of this form to both your return and your spouse's or
common-law partner's return. The information on the forms must be the same.
This form needs to be filed by your filing due date for the year. For more information on filing due dates, go to
canada.ca/taxes-dates-individuals.
Under certain circumstances, the CRA may allow you to make a late or amended election, or revoke an original election.
Contact the CRA if you need more information.

Step 1 – Identification

Information about you (the transferring spouse or common-law partner)

Last name

First name

Social insurance number

Home address

Postal code

Information about your spouse or common-law partner (the receiving spouse or common-law partner)

Last name

First name

Social insurance number

Home address (if different from above)

Postal code

Step 2 – Calculate the maximum split-pension amount

To calculate the eligible pension income amount, the transferring spouse or common-law partner must complete the
calculation for line 31400 on the Federal Worksheet found in the income tax package.

Enter the amount from line 8 of the transferring spouse's or common-law partner's Federal

Worksheet for line 31400.

68020

Enter the amount from box 128 of the transferring spouse's or common-law partner's T4A slip.

68025

–

Line 1 minus line 2

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(Ce formulaire est disponible en français.)

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Step 2 – Calculate the maximum split-pension amount (continued)

Qualifying retirement compensation arrangement (RCA) payments

If the transferring spouse or common-law partner received life annuity payments from an RCA and was 65 years of age or
older on December 31, 2023 (or on the date of death), complete lines 4 to 8. Otherwise, enter "0" on line 8 and continue to
line 9 for veterans benefits.

Enter the amount from box 17 of the transferring spouse's or

common-law partner's T4A-RCA slips.

68026

Enter the amount from line 3.

–

Line 5 minus line 6 (if negative, enter "0")

►

Enter whichever is less: line 4 or line 7.

Veterans benefits

If the transferring spouse or common-law partner received eligible veterans benefits, complete lines 9 to 16.
Otherwise, enter "0" on line 16 and continue to line 17.

Enter the amount from line 2.

Enter the amount from line 3.

Enter the amount from line 8.

Line 10 plus line 11

Enter the amount from line 12.

–

Line 13 minus line 14 ( if negative, enter "0")

Enter whichever is less: line 9 or line 15.

Add lines 3, 8 and 16.

Adjustment for marital status change during the tax year

If your marital status changed during the year, use line 18 to calculate the eligible pension income
to enter at line 19. Otherwise, enter the amount from line 17 on line 19.

Number of months
married or living

common-law

68030

x Amount from line 17

Number of months
in the tax year

If the transferring spouse or common-law partner is deceased, replace the "12" with the number of
months up to and including the month of death. For example, if the month of death is August, the
number of months in the tax year would be "8" instead of "12".

Enter the amount from line 18, if it applies.

Otherwise, enter the amount from line 17.

Maximum rate

x 50%

Line 19 multiplied by line 20

Maximum split-pension amount

Step 3 – Enter the elected split-pension amount

Enter the amount that you and your spouse or common-law partner decide to jointly elect to be
your split-pension amount for the year. The split-pension amount cannot be more than the amount

from line 21.

Enter this amount on line 21000 of the transferring spouse's or common-law partner's return and
on line 11600 of the receiving spouse's or common-law partner's return.

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Step 4 – Determine the adjustment to pension income amount

Part A – Calculate the pension income amount of the transferring spouse or common-law partner

Amount from line 1

If the transferring spouse or common-law partner entered an amount on line 8, complete lines 24 to 30.
If not, enter the amount from line 22 at line 30.

Amount from line 22

Amount from line 8

Amount from line 17

Line 25 divided by line 26

Amount from line 22

Line 27 multiplied by line 28

►

–

Line 24 minus line 29

►

–

Line 23 minus line 30

Enter on line 31400 of the transferring spouse's or common-law partner's return, whichever is less: $2,000 or the amount
from line 31.

Part B – Calculate the pension income amount of the receiving spouse or common-law partner

If there is an amount on line 11500 or line 12900 of the receiving spouse's or common-law
partner's return, enter the amount from line 8 of their Federal Worksheet for line 31400.

Otherwise, enter "0".

Amount from line 30, unless note 1 below applies

Line 32 plus line 33

Enter on line 31400 of the receiving spouse's or common-law partner's return, whichever is less: $2,000 or the amount
from line 34.

Note 1: If all of the following conditions apply, calculate line 33 according to the instructions in note 2 below:

•

the amount on line 32 is less than $2,000

•

the receiving spouse or common-law partner was under age 65 on December 31, 2023

•

the transferring spouse or common-law partner was age 65 or older and received any of the following amounts in
the year:

a) registered retirement income fund (RRIF), registered retirement savings plan (RRSP), or other annuity
payments

b) payments (other than life annuity payments) from a money purchase provision of a registered pension
plan (RPP) or a specified pension plan (SPP)

c) payments out of a pooled registered pension plan (PRPP)

d) payments out of an advanced life deferred annuity

e) eligible veterans benefits

Note 2: If note 1 applies, calculate the amount to enter on line 33 as follows:

For the purposes of this note only, subtract from line 1 any of the amounts noted in a) through e) received by the
transferring spouse or common-law partner in the year, and recalculate the amount for line 30. The receiving
spouse or common-law partner does not need to remove those payments from line 1 if the transferring spouse
or common-law partner has received those payments as a consequence of the death of a spouse or
common-law partner in the year:

a) RRIF, RRSP, or other annuity payments

b) payments (other than life annuity payments) from a money purchase provision of an RPP or an SPP

c) any payments out of a PRPP

d) payments out of an advanced life deferred annuity

e) eligible veterans benefits

If the result from 1) above is $4,000 or more, enter on line 33 the amount from line 30.

If the result from 1) above is less than $4,000, recalculate steps 2 and 3 using the result from 1) as the amount
for line 17. Enter on line 33 the lesser: the amount from line 22 or the amount from line 30.

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Step 5 – Calculate the income tax deducted

Enter the total tax deducted from the transferring spouse's or common-law partner's pension

income entered on line 17.

68040

•35

If the information slips of the transferring spouse or common-law partner include income tax
deducted for eligible and non-eligible pension income on the same slip, calculate the proportionate
amount of tax deducted to be included at line 35 for each slip as follows:

Total tax deducted x (Eligible pension ÷ total of eligible and non-eligible pension)

Calculate the tax deducted for the elected split-pension amount

Amount from line 35

Amount from line 22

68050

•36

Amount from line 17

Part A – Calculate the income tax deducted for the transferring spouse or common-law partner

Total tax deducted from all of the transferring spouse's or common-law
partner's slips. Enter the amount that you would have entered on line
43700 of your return if you did not choose to split your eligible pension
income. If you were a resident of Quebec on December 31, 2023, do not

include any of your Quebec provincial income tax deducted.

Amount from line 36

–

Line 37 minus line 38
Enter the result on line 43700 of the transferring spouse's or

common-law partner's return.

Part B – Calculate the income tax deducted for the receiving spouse or common-law partner

Total tax deducted from all of the receiving spouse's or common-law
partner's slips. Enter the amount that you would have entered on line
43700 of your return if you did not choose to split your eligible pension
income. If you were a resident of Quebec on December 31, 2023, do not

include any of your Quebec provincial income tax deducted.

Amount from line 36

Line 40 plus line 41
Enter the result on line 43700 of the receiving spouse's or common-law

partner's return.

Step 6 – Complete the joint certification

By completing this form and signing below, we jointly elect and certify that the split-pension amount entered on line 22 of
Step 3 will be deducted in calculating the net income of the transferring spouse or common-law partner and reported as
income by the receiving spouse or common-law partner on our income tax and benefit returns for 2023.

We understand that we will be jointly and severally liable for any amounts of tax, interest and penalties that may be owing
as a result of this election.

Date

Signature of transferring spouse or common-law partner

Date

Signature of receiving spouse or common-law partner

It is a serious offence to make a false statement.

See the privacy notice on your return.

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