Archive for the ‘Spouse’ Category

LATE FILED ELECTION TO SPLIT PENSION INCOME

Tuesday, November 1st, 2016

While we are on the subject of joint elections to split pension income in the year of death: What if, as trustee of the estate, you discover that the deceased and his spouse did not split eligible pension income in the years prior to his year of death. Can you ...

Splitting Pension Income in Case of Death

Tuesday, October 25th, 2016

The Canada Revenue Agency was asked whether, in the case of the death of a spouse, the other spouse would have the right to split the eligible pension income that he or she receives in a taxation year with the deceased. In order to split eligible pension income, our tax rules ...