|
Tax Element |
Provision |
Can be claimed by |
|
Income |
- Canada Pension Plan Benefit
|
- After age 60, either spouse, if an assignment of split benefits has been applied for.
|
|
|
- Can be transferred to high earning spouse if Spousal Amount is created or increased.
|
|
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- Up to 50% can be transferred to other spouse
|
|
Deductions |
|
- Either spouse may claim if it holds household investment documents
|
|
Non-Refundable Tax Credits
|
|
|
- Age Amount, Pension Income Amount, Disability Amount, Tuition, Education and Textbook Amounts, Amount for Dependent Minor
|
- Transferable to higher earner if lower earner is not taxable. In the case of the Disability Amount and Tuition, Education and Textbook amounts this can include transfers from dependants other than spouse.
|
- Claims for Spouse or Equivalent, Infirm Adults, Caregiver, Donations
|
- Claimed by the supporting individual with higher taxable income in general.
|
|
|
- Can be claimed by either spouse or shared between them.
|
|
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- Usually claimed by spouse with lower net income for best benefit.
|
- Labour Sponsored Fund Tax Credit
|
- Can be claimed by either spouse if purchased within spousal RRSP.
|
- Amount for children born in 1992 or later
|
- Can be claimed by either spouse or shared between them
|
|
|
|
|
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- Can be claimed by either spouse or shared between them
|
- Children's Fitness Amount
|
- Can be claimed by either spouse or shared between them
|
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