T1032: Joint Election to Split Pension Income
Form T1032 is the joint election two spouses or common-law partners use to split eligible pension income between them for a tax year.
This is the genuine CRA PDF, unmodified. Source: CRA official page.
What is T1032?
T1032, Joint Election to Split Pension Income, lets a pensioner allocate up to half of their eligible pension income to their spouse or common-law partner, which can lower the couple's combined tax. Both partners must agree to the election and complete the form for the same tax year.
This is a dynamic (XFA) PDF designed for Adobe Acrobat Reader and will not fill in a web browser or a basic PDF viewer. Download it and open it in the free Adobe Acrobat Reader. The form calculates the eligible pension income, the elected split amount, and the related adjustments to tax deducted, and both the transferring pensioner and the receiving spouse must sign it.
Who files T1032?
- A pensioner who wants to allocate eligible pension income to their spouse or common-law partner
- The spouse or common-law partner who will report the transferred pension income
- Couples looking to reduce their combined tax by splitting pension income
- Both partners together, since the election must be signed by each of them
How to fill out T1032
- Download the T1032 and open it in the free Adobe Acrobat Reader; it will not fill in a browser.
- Enter both partners' names, social insurance numbers, and the tax year of the election.
- Report the transferring partner's eligible pension income and calculate the elected split amount.
- Complete the adjustment to income tax deducted so it is shared between the partners.
- Both partners sign and date the form, and each attaches it to their own T1 return filed with the CRA.
Get T1032
This is a dynamic PDF from CRA: it only fills in correctly in Adobe Acrobat Reader, so there is no in-browser fill here. Download the genuine T1032 below and open it in the free Adobe Acrobat Reader to complete and save it.
Download the official T1032 PDFFrequently asked questions
How much pension income can we split?
The pensioner can allocate up to 50 percent of their eligible pension income to their spouse or common-law partner. The form calculates the maximum and the amount you elect, which is then reported on each partner's return.
Do both of us need to file the T1032?
Yes. The election is joint, so both the transferring pensioner and the receiving spouse must sign the same form and each file a copy with their own return for that year.