Does pension splitting affect the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit, and other federal or provincial benefits and tax credits?
Benefits and tax credits that are calculated based on the total of the net incomes of both people-such as the GST/HST credit, and related provincial or territorial benefits-will not change as a result of pension splitting. However, pension splitting will affect any tax credits and benefits that are calculated using one individual’s net income, such as the age amount, the spouse or common-law partner amount, and the repayment of Old Age Security benefits.
