January 29, 2016

Credits and benefits available to you include:

  • Age Amount
  • Pension Income Amount
  • Pension Splitting

The age amount tax credit is a non-refundable credit which is available to persons who are aged sixty five (65) years or older at the end of the tax year. The Pension Income Amount tax credit may apply to individuals who are receiving pension income.  It is also a non-refundable credit. Spouses or common-law partners can elect to split eligible pension income if specific criteria are met.

For more information regarding these tax credits or for information on your eligibility, please visit the Canada Revenue Agency’s (CRA’s) website (www.cra-arc.gc.ca)

 

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