Age amount

If you were 65 years of age or older on December 31st and your net income (line 23600 of your return) was less than the base amount prescribed by the CRA, you could be entitled to this non-refundable tax credit.

The program will automatically calculate this credit; there is no need for any entries within the "Interview" section to trigger the calculation. If your net income (line 23600 of your return) is higher than the base amount prescribed by the CRA, the amount claimed will be reduced.

To view how this credit is calculated, click on the "Tax return" tab and, in the column located on the left-hand side of the screen, select the form "Worksheet (Federal)". On the page located to your right, refer to the details of the calculations performed for line 30100.

You may be entitled to transfer all or part of your age amount to your spouse or common-law partner. Conversely, you may be entitled to claim all or part of his or her age amount. UFile will perform this transfer between spouses automatically without the need for additional entries.

Federal Schedule 2 will be generated by the program and will defer the amount of line 32600 of your spouse's federal return.

For more information, please consult the following links:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-30100-amount.html

https://www.revenuquebec.ca/en/citizens/tax-credits/age-amount-amount-for-a-person-living-alone-and-amount-for-retirement-income/

ID: 20200930121657NA.xml

Webpage: KPA340-20200930121657NA.htm

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