Executive summary line 15000 vs. pension income splittingThe 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