Pension Income Amount in Canada (2026 Guide for Seniors)

The Pension Income Amount is a federal non‑refundable tax credit that helps seniors reduce the income tax they owe on eligible pension income. For 2026, seniors can claim up to $2,000 of qualifying pension income, which provides up to $280 in federal tax savings (14% of $2,000). This credit is one of the simplest ways for older adults to lower […]