Line 31400 – Pension income amount

Note: Line 31400 was line 314 before tax year 2019.

You may be able to claim up to $2,000 if you reported eligible pension, superannuation, or annuity payments on line 11500, line 11600, or line 12900 of your return.

Topics

• Eligibility
• Questions and answers
• Completing your tax return

Eligibility

You may be able to claim up to $2,000 if you reported:

• eligible annuity or pension income (or both) on line 11500 of your return
• eligible pension income on line 11600 of your return
• annuity payments on line 12900 of your return (box 16 of your T4RSP slips) if you were 65 years of age or older on December 31, 2022, or, regardless of your age, you received payments because of the death of your spouse or common-law partner

For a more detailed list of eligible pension and annuity income, see the charts for Eligible Pension and Annuity Income (less than 65 years of age) or Eligible Pension and Annuity Income (65 years of age or older).

Eligible pension income does not include any of the following income amounts:

• foreign source pension income that is tax-free in Canada because of a tax treaty that allows you to claim a deduction on line 25600
• income from a United States individual retirement arrangement (IRA) account
• amounts from a RRIF included on line 11500 of your return that were transferred to an RRSP, another RRIF or an annuity

If you and your spouse or common-law partner elected to split pension income, follow the instructions at Step 4 on Form T1032, Joint Election to Split Pension Income, to calculate the amount to enter on line 31400 of your and your spouse's or common-law partner's return.

Questions and answers

Answer the following questions to find out if you can claim the pension income amount.

Completing your tax return

Complete the chart for line 31400 using your Federal Worksheet and enter the result on line 31400 of your return.

Pension income splitting

If you are electing to split your eligible pension income with your spouse or common-law partner, complete Form T1032, Joint Election to Split Pension Income, to calculate the amount to enter on line 31400 of your return.

Forms and publications

• Income Tax Package – Guide, return, and schedules
• Form T1032, Joint Election to Split Pension Income

Related topics

• Line 11500 – Other pensions and superannuation
• Line 11600 – Elected split-pension amount
• Line 12900 – Registered retirement savings plan (RRSP) income
• Line 25600 – Additional deductions
• Line 32600 – Amounts transferred from your spouse or common-law partner