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Question

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.

Forum|Forum|2 years ago
May 1, 2023
1 reply
0 views

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?

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!