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T1
427 Pension income
  Quebec eligible pension income to split for a person born after December 31, 1943 |
| Program(s) affected: |
T1 |
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Document created: |
04 08, 2009 |
| Tax year(s): |
2008 |
Document last modified: |
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| Version(s): |
12.01, 12.10, 12.11, 12.13, 12.20 |
Problem status: |
Pending |
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I have a case where the program does not split any amount in Quebec (Schedule Q), even though the taxpayer has pension income (T4RIF/RL-2) that is eligible for
splitting, is that correct?
That depends, the program will not perform the split if the following conditions are met:
a) The taxpayer was less than 65 years of age on December 31, 2008
b) The taxpayer has pension income that is eligible for splitting
c) portion or the whole of a RRIF's taxable amount shown in box 16 of the T4RIF/RL-2 has been transferred in a RRSP or a RRIF. This amount exceeds the amount of pension
income eligible for splitting.
When these conditions are met, the program enters an erroneous amount on line 36 of Schedule Q, which prevents the calculation of the eligible amount for income splitting.
Please note that in the cases where the amount for b) is higher than the amount for c), Schedule Q will be generated. However, the calculation will still be erroneous
because the amount on line 36 is incorrect.
As a workaround, go in the file of the spouse who meets the abovementioned conditions, enter the keyword Override , select the option "Quebec Schedule Q line 36", and
then enter 0 in the $ field. Calculate the return and consult Schedule Q, verify the amounts and, if needed, override your amount with a different amount, should you require
to report an amount other than 0 on line 36 (in some rare cases).
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