Yes, RRIF income splitting is permitted between spouses or common-law partners who are 65 or older

Under Canadian tax law, you can split up to 50% of your RRIF income with your qualifying spouse or common-law partner. This income-splitting strategy can help reduce your household’s overall tax burden by shifting income to the lower-income spouse.

To qualify for RRIF income splitting, you must meet these requirements:

• Both spouses/partners must be Canadian residents
• The RRIF holder must be at least 65 years old
• You must be married or in a common-law relationship
• Both partners must agree to the income split on their tax returns

This arrangement is handled through your annual tax filing using Form T1032 and does not require actually transferring funds between accounts.