CRA Form T1032, Joint Election to Split Pension Income
Split eligible pension income with your spouse or partner to lower your combined tax.
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About CRA Form T1032, Joint Election to Split Pension Income
The T1032, Joint Election to Split Pension Income, is a CRA form that lets you and your spouse or common-law partner jointly elect to move part of your eligible pension income from the person who received it to the other partner. Shifting some income to the partner in a lower tax bracket can reduce the total tax the two of you pay.
Both partners complete and sign the same election, and each of you attaches a copy to your own income tax return for the year. The person who received the pension income is the transferring spouse, and the other is the receiving spouse. This page is a free fillable helper and general guide, not tax advice, so always download and file the current official form from the CRA.
Who needs to complete it
- Couples where one partner receives eligible pension income and wants to split part of it.
- Retirees who want to balance income between spouses to lower their combined tax.
- Spouses or common-law partners who both agree to make the joint election for the year.
- People who received income such as a registered pension plan payment that may qualify for splitting.
How to fill out CRA Form T1032, Joint Election to Split Pension Income
- 1Enter the name and social insurance number of both the transferring and the receiving spouse or partner.
- 2Confirm that you were married or in a common-law partnership during the tax year.
- 3Report the total eligible pension income the transferring spouse received for the year.
- 4Work out the elected split-pension amount that will move to the receiving spouse.
- 5Carry the elected amount to the correct lines on each partner's income tax return.
- 6Adjust any related tax withheld so it is shared between the two returns as the form directs.
- 7Both partners review the figures to make sure the same amount is used on both returns.
- 8Both partners sign and date the election to confirm the joint choice.
- 9Attach a copy of the completed form to each partner's return for the year.
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Frequently asked questions
Do both of us have to sign the T1032?
Yes. The election is a joint choice, so both the transferring and the receiving spouse or partner must sign it, and each of you attaches a copy to your own return.
What kind of income can be split?
Only eligible pension income can be split, and what qualifies can depend on your age and the type of income. Check the CRA guidance and the form to confirm your amounts.
Can we change the elected amount after filing?
There are rules about when and how a joint election can be changed or cancelled. Review the current CRA instructions before making or adjusting an election.
Does splitting always reduce our tax?
Not in every case. The benefit depends on each partner's income and tax situation, so it helps to compare the outcome with and without the split before you file.
Do we each file a separate form?
You complete one joint election together, then each partner attaches a copy of that same form to their own income tax return for the year.
Is this the official CRA form?
This is a general helper. The form and the rules change over time, so always download and file the current official T1032 from the CRA before you rely on it.