SimpleTax Help

How do I split my pension income with my partner?

SimpleTax makes it easy to split your pension income with your partner.

If you and your partner have linked returns

Add the Pension Splitting section using the search box. The higher income partner should indicate that they are the “Pensioner” using the drop down box. [1]

We’ll automatically calculate the maximum split-pension amount for you based on what you’ve added to your return. [2] However, no split pension amount will be added to either return until you’ve completed all of these steps.

Confirm that none of the income is from CPP or OAS. [3]

Add the Pension Splitting section using the search box. The higher income partner should indicate that they are the “Transferring partner” using the drop down box. Confirm that none of the income is from CPP or OAS.

We’ll automatically calculate the maximum split-pension amount for you based on what you’ve added to your return, however, no split pension amount will be added to either return until you’ve completed all of these steps.

Finish the Pensioner’s tax return. When you’re done, click Check & Optimize in their return and correct any errors. If you do correct errors, you’ll need to Check & Optimize again before proceeding. Switch to the Transferee’s return and repeat these steps.

Finish the Pensioner’s tax return. When you’re done, click Check & Optimize in their return and correct any errors. Finish the Transferee’s return and ensure it is free from errors as well.

Add the Pension Splitting section using the search box. Confirm that you want to split eligible pension income.

When you Check & Optimize your return, we’ll automatically determine who should split their pension and we’ll calculate the optimal split-pension amount. The optimizer must run (e.g., you must clear all errors) for us to apply pension splitting.

When the optimizer is done, you’ll have the opportunity to review the suggested (optimized) split pension amount. You can change the split amount by typing in the second column.

If you’re not using linked returns

  1. Add Pension Splitting using the search box.
  2. Indicate if you are the "Pensioner" (higher income partner) or the “Transferee” (lower income partner)"Transferring partner" (higher income partner) or the “Receiving partner” (lower income partner).
  3. Complete all required fields.

Please note that we’re not able to determine the optimal split unless you’re using linked returns.