Revenu Canada says age amount can reach $9,208 in 2026

revenue canada changes at 65 bring a new set of credits, pension rules and benefit amounts for 2026. The age amount can reach $9,208 for Canadians who are 65 or older at the end of the year and have net income of $46,432 or less.

The lower 14% federal rate in 2026 raises the value of non-refundable credits. At that rate, the maximum age amount represents about $1,289 in federal tax savings, while the credit phases out completely once net income passes about $112,200.

2026 Federal Rate

The federal lowest tax bracket drops to 14% in 2026 from a combined rate of 14.5% in 2025. That change affects the value of all non-refundable credits, including age-related amounts for people 65 and older.

For Canadians who qualify, the age amount is not automatic in the sense that it reduces tax only if there is tax to reduce on the return. If the full amount cannot be used, the unused portion can be transferred to a spouse.

Line 31400 Pension Income

At age 65, eligible pension income expands beyond employer pension annuity payments. A person can claim up to $2,000 for the pension income amount at line 31400, and the eligible income can include withdrawals from a registered retirement income fund, income from a life income fund and annuity payments from a registered retirement savings plan.

Before age 65, the eligible pension income is limited to employer pension annuity payments. That makes 65 the point where the list of income sources broadens for this credit.

Old Age Security at 65

Old Age Security officially starts at age 65, with a maximum payment of $743.05 per month for people aged 65 and older. The same birthday also opens the door to the larger tax-credit rules tied to age and pension income.

For readers nearing 65, the practical step is to check whether income will keep the full age amount, whether a spouse can use any unused portion, and whether pension receipts now fit the expanded eligibility rules for line 31400. The combination can change the tax return before the first OAS payment arrives.