Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
dw-123
New Member

Why is my pension deduction amount not 2000.00 when I have t4a income, it is only using 1019.00

 
1 Reply

Why is my pension deduction amount not 2000.00 when I have t4a income, it is only using 1019.00

If your Eligible Pension Income is less than $2,000, the Pension Income Amount will adjust to that amount. Not all income reported on a T4A qualifies as Eligible Pension Income.

This CRA document explains further which income does qualify: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...