Line 301 - Age amount
You can claim this amount if you were 65 years of age or older on December 31, 2013, and your net income (line 236 of your return) is less than $80,256. If your net income was:
- $34,562 or less, enter $6,854 on line 301 of Schedule 1, Federal Tax;
- more than $34,562, but less than $80,256, complete the chart for line 301 on the Federal Worksheet to calculate your claim.
Enter your date of birth in the "Information about you" area on page 1 of your return.
Remember to claim the corresponding provincial or territorial non-refundable tax credit to which you are entitled, on line 5808 of your provincial or territorial Form 428.
Specific rules apply to claims for this amount if you were bankrupt during the year (read the section on bankruptcy in Interpretation Bulletin IT513, Personal Tax Credits) or if you became or ceased to be a resident of Canada for income tax purposes in the year (see either Pamphlet T4055, Newcomers to Canada or Guide T4056, Emigrants and Income Tax, whichever applies).
You may be able to transfer all or part of your age amount to your spouse or common-law partner or to claim all or part of his or her age amount. See line 326 - Amounts transferred from your spouse or common-law partner, for more information.
Forms and publications
- General Income Tax and Benefit Package - Guide, Returns, and Schedules
- Guide T4056, Emigrants and Income Tax
- Pamphlet T4055, Newcomers to Canada
- Interpretation Bulletin IT513, Personal Tax Credits
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