You were 65 or older on December 31 or you have received an annuity payment due to the death of your spouse or common-law partner (Box 115)

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You were 65 or older on December 31 or you have received an annuity payment due to the death of your spouse or common-law partner (Box 115)

If you were 65 or older on December 31 of the tax year or you received annuity income due to the death of a spouse or common-law partner, you must report this amount on line 115 of your return.

Claim on line 314 of Schedule 1, Federal Tax, the lesser of:

  • $2,000; and
  • the eligible annuity and pension income reported on line 115 of your return and the registered retirement savings plan annuity income reported on line 129 of your return.

Note

The calculation of your eligible pension income does not include the following income amounts reported on line 115 of your return:

  • income from a U.S. individual retirement arrangement; and

  • any foreign source pension that is exempt from income tax in Canada because of a tax treaty that entitles you to claim a deduction at line 256.

To calculate the amount that you are eligible to claim, complete the chart for line 314 on the Federal Worksheet.

If you have questions about the amounts shown on your T4A slip, contact the issuer of the slip.

Date modified:
2017-01-04