Line 31400 – Pension income amount (2024)

Topics

• Eligibility
• Questions and answers
• Completing your tax return
• Doing taxes for someone who died

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 either applies:
  • You were 65 years of age or older on December 31, 2023
  • You received payments because of the death of your spouse or common-law partner

For a list of eligible pension and annuity income, see the charts below.

• Eligible Pension and Annuity Income (less than 65 years of age)

  Eligible Pension and Annuity Income (less than 65 years of age)

  Slip or Form	Box number	Type of income	Conditions	Line number
  T3	Box 31	RPPlifetime retirement benefits (includes retroactive lump-sum payments)	None	line 11500
  T4A	Box 016	EBPbenefits	If there is abox 109, the applicable amount inbox 016isnoteligible for the amount online 31400.	line 11500
  T4A	Box 016	RPPlifetime retirement benefits (includes retroactive lump-sum payments)	None	line 11500
  T4A	Box 018	Lump-sum payment from an SPP or money purchase RPP	None	line 11500
  T4A	Box 024 (Box 115)	DPSPincome	Received upon the death of your spouse or common-law partner	line 11500
  T4A	Box 024	Regular annuities andIAAC	Received upon the death of your spouse orcommon-lawpartner	line 11500
  T4A	Box 028 (Box 133)	Variable pension benefits	Received upon the death of your spouse orcommon-lawpartner	line 11500
  T4RIF	Box 16 Box 22	RRIFincome	Received upon the death of your spouse orcommon-lawpartner Note: Any portion transferred to an RRSP,RRIF, or to purchase an annuity does not qualify for the pension income amount.	line 11500
  T4RSP	Box 16	RRSPIncome	Received upon the death of your spouse orcommon-lawpartner	line 12900
  T5	Box 19	Regular annuities andIAAC	Received upon the death of your spouse orcommon-lawpartner	line 11500
  Form T1032	line 14	Elected split pension income	All or part of the elected split-pension income amount is included on line 28 of Form T1032, Joint Election to Split Pension Income	line 11600
  None	None	Foreign pensions (includingUSSocial Security)	The amount of foreign pension income that is not deductible on line 25600 is still eligible for this amount. Any amount of foreign pension income that is tax-free in Canada because of a tax treaty and income from a United States individual retirement arrangement account are not eligible for the pension income amount.	line 11500

  See Also

  Tax rules for retirees turning 65 or 71TaxTips.ca - RRSP Conversion to RRIFLine 12900 – Registered retirement savings plan (RRSP) income
• Eligible Pension and Annuity Income (65 years of age or older)

  Eligible Pension and Annuity Income (65 years of age or older)

  Slip or Form	Box number	Type of income	Conditions	Line number
  T3	Box 31	RPP lifetime retirement benefits (includes retroactive lump-sum payments)	None	line11500
  T4A	Box 016	EBP benefits	If there is abox 109, the applicable amount inbox 016isnoteligible for the amount online 31400.	line11500
  T4A	Box 016	RPP lifetime retirement benefits (includes retroactive lump-sum payments)	None	line11500
  T4A	Box 018	Lump-sum payment from an SPP or money purchase RPP	None	line 11500
  T4A	Box 024 (Box115)	DPSP income	None	line 11500
  T4A	Box 024	Reguar annuities and IAAC	None	line 11500
  T4A	Box 028 (Box 133)	Variable pension benefits	None	line11500
  T4RIF	Box 16 Box 22	RRIF income	None Note:Any portion transferred to anRRSP, aRRIF, or to purchase an annuity doesnotqualify for the pension income amount.	line11500
  T4RSP	Box 16	RRSP income	None	line12900
  T5	Box 19	Regular annuities and IAAC	None	line11500
  Form T1032	line 14	Elected split pension income	None	line11600
  None	None	Foreign pensions (including US Social Security)	The amount of foreign pension income that is not deductible on line 25600 is still eligible for this amount. Any amount of foreign pension income that is tax-free in Canada because of a tax treaty and income from a United States individual retirement arrangement account are not eligible for the pension income amount.	line 11500

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 11500of 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 of 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.

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

Completing your tax return

Complete the chart for line 31400using yourFederal Worksheetand 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, completeForm T1032, Joint Election to Split Pension Income, to calculate theamount to enter on line 31400 of your return.

Doing taxes for someone who died

There may be special considerations when claiming amounts on line31400 for someone who died.

Forms and publications

• Income Tax Package
• 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