I rolled over my RRSP to a RRIF in Jan 2024. I am 65 years old. If I withdraw fund from the RRIF in 2024 are they considered a pension income that can be split?

 

Seniors and students

As per the CRA, amounts such as old age security benefits, Canada Pension Plan benefits, Quebec Pension Plan benefits, death benefits, retiring allowances, excess amounts from a RRIF transferred to an RRSP, another RRIF, or an annuity, amounts shown in boxes 18, 20, 26, 28, and 34 of your T4RSP slips, and amounts distributed from a retirement compensation arrangement shown on your T4A-RCA slips do not qualify for the pension income amount.

 

Otherwise, yes, it will be considered pension income, which can be split. 

 

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