|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Part A - Calculate the pension income amount of the transferring spouse or common-law partner. |
|
|
Amount from line 1 |
|
|
|
23 |
|
If the transferring spouse or common-law partner entered an amount on line 8, complete lines 24 to 30. If not, enter the amount from line 22 at line 30. |
| | | | |
|
Amount from line 22 |
|
|
|
24 |
| | | |
Amount from line 8 |
|
|
|
25 |
| | | | | | | |
Amount from line 17 |
|
÷ |
|
26 |
| | | | | | | |
Line 25 divided by line 26 |
|
= |
|
27 |
| | | | | | | |
Amount from line 22 |
|
x |
|
28 |
| | | | | | | |
Line 27 multiplied by line 28 |
|
= |
|
|
- |
|
29 |
| | | |
Line 24 minus line 29 |
|
= |
|
|
- |
|
30 |
Line 23 minus line 30 |
|
= |
|
31 |
Enter on line 31400 of the transferring spouse's or common-law partner's return, whichever is less: $2,000 or the amount from line 31. |
| | | | |
|
Part B - Calculate the pension income amount of the receiving spouse or common-law partner. |
|
|
If there is an amount on line 11500 or line 12900 of the receiving spouse's or common-law partner's return, enter the amount from line 8 of their Federal Worksheet for line 31400. Otherwise, enter "0". |
|
|
32 |
Amount from line 30, unless Note 1 below applies |
|
+ |
|
33 |
Line 32 plus line 33 |
|
= |
|
34 |
Enter on line 31400 of the receiving spouse's or common-law partner's return, whichever is less: $2,000 or the amount from line 34. |
| | | | |
|
Note 1: |
If all of the following conditions apply, calculate line 33 according to the instructions in Note 2 below: |
|
|
- the amount on line 32 is less than $2,000
- the receiving spouse or common-law partner was under age 65 on December 31, 2024
- the transferring spouse or common-law partner was age 65 or older and received any of the following amounts in the year:
- registered retirement income fund (RRIF), registered retirement savings plan (RRSP), or other annuity payments
- variable pension benefits paid from a money purchase provision of a registered pension plan (RPP) or a specified pension plan (SPP)
- payments out of a pooled registered pension plan (PRPP)
- payments out of an advanced life deferred annuity
- eligible veterans benefits
|
|
|
Note 2: |
If Note 1 applies, calculate the amount to enter on line 33 as follows: |
|
|
1) |
For the purposes of this note only, subtract from line 1 any of the amounts noted in a) through e) received by the transferring spouse or common-law partner in the year from line 1, and recalculate the amount for line 30. The receiving spouse or common-law partner does not need to remove those payments from line 1 if the transferring spouse or common-law partner has received those payments as a result of the death of a spouse or common-law partner in the year.:
- RRIF, RRSP, or other annuity payments
- variable pension benefits paid from a money purchase provision of an RPP or an SPP
- any payments out of a PRPP
- payments out of an advanced life deferred annuity
- eligible veterans benefits
|
|
|
2) |
If the result from 1) above is $4,000 or more, enter on line 33 the amount from line 30 |
|
|
3) |
If the result from 1) above is less than $4,000, recalculate steps 2 and 3 using the result from 1) as the amount for line 17. Enter on line 33 the lesser: the amount from line 22 or the amount from line 30. |
|
|
If Note 2 above is applicable, enter the amounts noted in a) through e) received by the transferring spouse or common-law partner for correct calculation of the amount on line 33. |
|
|
• |
|