29 October 2015 External T.I. 2015-0589051E5 F - Pension income splitting and bankruptcy -- summary under Paragraph 128(2)(f)

In the context of confirming that a joint s. 60.03(1) election can be made by a pensioner and a pension transferee in the situation where the pensioner become a bankrupt, say, on June 1, 2015 or, alternatively, the pension transferee became bankrupt on that date, CRA noted that s. 128(2) does not exclude the joint s. 60.03, nor the inclusion or deduction under ss. 56(1)(a.2) and 60(c).