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Pension Income Splitting Form: Joint Election to Split Pension Income
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Form T1032 in short
Form T1032 is the joint election spouses or common-law partners make to move part of one person's eligible pension income to the other person's return. The form caps the amount at 50% of the eligible pension income. Both people sign it, and the same information goes with both returns.
| Issued by | Canada Revenue Agency (CRA) |
|---|---|
| Current version | T1032 E (25) (checked 2026-10-25) |
| Who fills it in | Both spouses or common-law partners together. The transferring person must have received eligible pension income in the year. Both must have been residents of Canada on December 31, 2025 (or on the date of death), and not living apart because of a breakdown in the relationship for 90 days or more that includes December 31, 2025. |
| Who receives it | The Canada Revenue Agency, with both people's income tax and benefit returns. |
| Where to send it | With a paper return, the form says you must complete, sign and attach copies to both returns, and the information on both must be the same. If you file electronically, keep the form in case the CRA asks to see it. |
| Deadline | The form says it needs to be filed by your filing due date for the year. The CRA may allow a late or amended election, or a revoked election, in certain circumstances. |
| Official links | Official page · Official PDF |
What changed
This is the 2025 version for the 2025 tax year.45.
How to fill out Form T1032, line by line
| Step 1 | Identification Name, SIN and home address for the transferring spouse or common-law partner (the one with the pension) and for the receiving spouse or common-law partner. |
| Step 2, lines 1 to 3 | Eligible pension income Line 1 comes from line 8 of the transferring person's Federal Worksheet for line 31400. Subtract the amount in box 128 of their T4A slip. |
| Step 2, lines 4 to 16 | RCA payments and veterans benefits Only if the transferring person received life annuity payments from a retirement compensation arrangement and was 65 or older, or received eligible veterans benefits. Otherwise enter 0 on lines 8 and 16. |
| Step 2, lines 17 to 21 | Maximum split-pension amount Add the eligible amounts, adjust by months married or living common-law if your status changed in the year, then multiply by 50%. |
| Step 3, line 22 | Elected split-pension amount The amount you both choose to split, up to the line 21 maximum. It goes on line 21000 of the transferring person's return and line 11600 of the receiving person's return. |
| Step 4 | Pension income amount for each person Works out what each person enters on line 31400 of their return. The form says each enters the lesser of $2,000 or the amount calculated. |
| Step 5 | Income tax deducted Moves the matching share of tax already withheld from the transferring person to the receiving person, so each enters the right amount on line 43700. |
| Step 6 | Joint certification Both people sign and date. The form says both are jointly and severally liable for any tax, interest and penalties owing because of the election. |
Common mistakes to avoid
- Only one spouse signing or attaching the form. With a paper return, both returns need a signed copy with the same information.
- Electing more than the maximum on line 21, which is 50% of the eligible pension income.
- Making two elections in one year. The form says only one joint election can be made for a tax year, so you need to decide who transfers and who receives.
- Forgetting to move the tax withheld in Step 5, so line 43700 is wrong on both returns.
- Not prorating by months when you married, started living common-law or separated during the year (line 18).
- Making the election when you were living apart because of a relationship breakdown for 90 days or more including December 31.
- Missing the filing due date. A late election needs the CRA's permission.
Questions about Form T1032
How much pension income can I split with my spouse?
Up to 50% of your eligible pension income, as calculated on lines 17 to 21 of the form. You and your spouse or common-law partner choose the amount on line 22.
Do both of us have to sign the T1032?
Yes. Step 6 is a joint certification signed by the transferring and the receiving spouse or common-law partner.
Can we both split pension income to each other?
No. The form says only one joint election can be made for a tax year. If both of you have eligible pension income, you decide who transfers and who receives.
Where do the split amounts go on the returns?
The elected amount goes on line 21000 of the transferring person's return as a deduction and on line 11600 of the receiving person's return as income.
What pension income qualifies?
Pension income that qualifies for the pension income amount on line 31400, including eligible veterans benefits, and certain retirement compensation arrangement amounts if the transferring person reached 65.
Can we change the election after filing?
The form says the CRA may allow a late or amended election, or a revoked election, under certain circumstances. Contact the CRA.
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Sources
Checked against the official sources on 2026-10-25. PDF Editor Hub is not affiliated with the Canada Revenue Agency or any government agency. This page is general information, not legal or tax advice.