Does pension splitting affect future GIS payments
A widow (as of 2018) just asked me if the pension splitting that I did between her and her late husband's tax return would affect her Guaranteed Income Supplement for the upcoming year. Moving $3,412 of pension from her husband to her did save a small amount in taxes of $262 on his final tax return so it seemed a logical thing to do.
Obviously, however, if doing that means that her potential GIS for the next year would drop by, say $500, it wouldn't have been a good move. I personally don't think this should affect her GIS entitlement since that extra $3,412 for 2018 is purely an artificial transfer for tax purposes. Does anyone have any insight on this concern?