Is my RCA eligible for pension splitting

In some cases, you may be able to split your RCA income with a spouse.

The following conditions must be met:

• The RCA beneficiary must be at least 65 years of age
• The RCA payments must be in the form of life annuity payments, and be supplemental to benefits received out of an RPP.

The RCA payments that are eligible for pension income splitting are subject to a limit.

The "defined benefit limit" changes annually and can be found on the CRA's website. Speak with a qualified Softron tax advisor to determine whether your RCA income is eligible for pension income splitting with your spouse.