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Tax Tip: If you have pension or annuity income which is reported
on line 115 or 129 of your tax return, it may qualify for the
pension income tax credit and for pension
splitting with your spouse.
Income Not Eligible for Pension Tax Credit
Income that does not qualify as pension income for the pension income tax
Old Age Security or Canada Pension Plan benefits
Quebec Pension Plan benefits
RRSP withdrawals other than annuity payments
payments from salary deferral arrangements, retirement
compensation arrangements, employee benefit plans, or
Also see the Canada Revenue Agency (CRA) web page on Line
314 Pension income amount, which includes a section
where you can answer questions to determine if you are
eligible to claim the pension income tax credit.