Family Tax Cut Credit : How/Where do you input inome transfers from a higher earning spouse to a lower earning spouse in order to avail the income splitting credit?


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I find that unlike the pension income split started in 2007, the Family Tax Cut is more like a tax credit split rather than an income split. It's all calculated in Schedule 1A (S1A).

So, the short answer to your question is: there is NO place to input an income split because the Family Tax Cut is NOT an income split.

Sometimes, I feel that the Harper Government misled taxpayers into thinking that this tax cut was a good deal. The income DIFFRENCE between the spouses has to be OVER 50,000 to get the entire $2,000 tax cut. I only have 3 clients (out of hundreds) who fully benefitted from this FTC and all were 6 figure earners. Good job, Harper, this tax cut benefits only the rich....

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