Senior Tax Credits

The Age Amount Tax Credit is a non-refundable tax credit available to eligible Canadian seniors. It is designed to help reduce the income tax burden for individuals aged 65 and older. Depending on your income, the Age Amount Tax Credit can provide valuable tax savings during retirement and may be claimed alongside other senior-related tax…

The Pension Income Tax Credit is a non-refundable tax credit that helps eligible Canadians reduce the amount of income tax payable on qualifying pension income. Many retirees are unaware that certain pension payments may qualify for additional tax relief. Understanding the Pension Income Tax Credit can help maximize your retirement income. This guide explains who…