Mr. and Mrs. Hanson have been retired for several years. They are both in their early seventies, residents of Canada, and rely on pension income to provide for most of their needs. More specifically, the components of their income in 2023 are as follows: Mr. Hanson Mrs. Hanson Old Age Security (OAS) $ 8,500 $8,500 RRIF Income 55,000 Nil RPP 25,380 1,680 Eligible Dividends 800 180 Interest income on Government Bonds 500 4,359 Charitable Donations 600 200 Capital Gain on sale of shares N/A 375 Capital Loss on sale of shares N/A 725 

Required: A. Assume that Mr. and Mrs. Hanson do not elect to use pension income splitting. 

Determine the net income and taxable income for both Mr. and Mrs. Hanson, and the maximum federal personal tax credits that will be available to Mr. Hanson for 2023. Also indicate the amount and types of any loss carry overs that would be available to Mr. and Mrs. Hanson for 2023. 

B. If Mr. and Mrs. Hanson jointly elect to split the pension income, what objectives should they try to accomplish with the pension income split?