Was a $2000. Tax credit for seniors rig income applied?

[s-bosborne]

$2000. Tax credit for seniors with rif income, was it applied to return automatically?

[TurboTaxBrenda]

Yes, a $2,000 pension income amount tax credit is applied by the CRA for eligible seniors (65 or older) and is available for the 2026 tax year. This is a non-refundable tax credit, meaning it reduces the federal tax you owe by 15% of that amount (up to $300 in federal tax savings), provided you have reported eligible pension, RRIF, or annuity income.

• It is not a $2,000 cash payment: It is a tax credit that reduces tax owed, not a $2,000 refund cheque, unless you already paid that amount in tax through withholdings.

You must file a 2025 income tax return (due April 30, 2026) to claim these credits.

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