To make sure the Pension Splitting is well entered, please follow the steps found in our TurboTax FAQ below.How do I split my pension income with my spouse?You may transfer up to 50 percent of your pension to your spouse or common-law partner.When you transfer some of your pension income, your taxes paid which are associated with the transferred amount will be reduced and transferred on the transferee’s income return. So the income tax deducted on both returns will be changed accordingly.Thank you for using TurboTax.

Question

Will the total amount of the split pension be added to my wifes account and subtracted from mine|?

Forum|Forum|4 years ago
March 10, 2022
1 reply
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M

Mia48

To make sure the Pension Splitting is well entered, please follow the steps found in our TurboTax FAQ below.

How do I split my pension income with my spouse?

You may transfer up to 50 percent of your pension to your spouse or common-law partner.
When you transfer some of your pension income, your taxes paid which are associated with the transferred amount will be reduced and transferred on the transferee’s income return. So the income tax deducted on both returns will be changed accordingly.

Thank you for using TurboTax.