Splitting of pension income - January 2007
Québec's tax system, like the federal system, will allow for the
possibility of splitting certain pension income.
It should be recalled that on October 31st of this year, the
federal government announced changes to the tax treatment of income
trusts. On that occasion, it announced that it would offer couples,
effective January 1, 2007, the possibility of splitting their
pension income. More specifically, this measure will allow Canadian
taxpayers who receive income eligible for the federal tax credit
for pension income to allocate up to 50% of this income to their
spouse.
Press release (French only)
