T1032(Page 1&2) - 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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Protected B when completed

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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