retirement tax planning Canada

$8,396 Federal Tax Credit Confirmed for Canadians 65+ in 2026 Tax Year

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The Canada Revenue Agency (CRA) has confirmed that the maximum Age Amount Tax Credit for the 2026 tax year is set at $8,396. The measure applies to Canadians aged 65 and older and will reduce federal income tax payable when seniors file their 2026 returns in spring 2027. This is not a monthly payment. It … Read more

Canada Age Amount Tax Credit 2026: $8,396 Maximum and Who Qualifies

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Canada’s Age Amount Tax Credit continues to play an important role in supporting older adults, especially those living on fixed or moderate retirement incomes. As February 2026 approaches, attention has turned to the updated maximum age amount of $8,396 and what it means for tax planning this year. Unlike benefit programs that provide direct monthly … Read more