Executive summary line 15000 vs. pension income
splitting
The fact that the income from income splitting is
reported on line 11600 whereas the deduction is carried to line
21000 creates the impression that the deduction is not considered
when one looks only at line 15000 (total income) of the Executive
summary. In an income splitting situation, the amount on line 23600
(net income) is the one that will properly reflect the impact of
the elected split-pension amount on the tax return of each
spouse.
Please note that line 43500 (total tax payable) is also impacted
by the income splitting.
ID: 20200123080549DE.xml
Webpage: KPA375-20200123080549DE.htm
