For Canadians turning 65 in 2026, new credits, benefits, and tax rules can apply; some are automatic, others require claims through annual filings.
The federal age credit can reach $9.2K when net income is $46.4K or below, creating ~$1.3K federal savings plus provincial credit in 2026.
At 65, eligible pension income broadens to include RRIF withdrawals, LIF income, and RRSP annuities, supporting a $2K pension income amount claim annually.
Income splitting can shift up to ~50% of eligible pension income to a spouse, helping some couples manage taxes and benefit clawbacks.
For 2026, accessibility renovations can still qualify up to $20K for seniors, but the same expense can no longer stack with medical credits.
