{"id":698,"date":"2024-11-22T15:55:06","date_gmt":"2024-11-22T15:55:06","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/?p=698"},"modified":"2024-11-22T15:55:06","modified_gmt":"2024-11-22T15:55:06","slug":"federal-pension-income-amount-tax-credit","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/federal-pension-income-amount-tax-credit\/","title":{"rendered":"Federal Pension Income Amount Tax Credit"},"content":{"rendered":"

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Did You Know?<\/span><\/p>\n

If you have attained the age of 65 and you receive eligible pension income you are entitled to a Federal 15% non-refundable tax credit on your first $2,000 of eligible pension income. That means $300 in tax savings!<\/span><\/p>\n

If you don\u2019t already receive pension income, once you turn 65, it can be beneficial to withdraw $2,000 annually from a Registered Retirement Income fund (RRIF) to access the pension income \u00a0<\/span>tax credit.<\/span><\/p>\n

Please give us a call if you are interested in learning more about eligible pension income and qualifying for the pension income tax credit!<\/span><\/p>\n

 <\/p>\n

Sincerely,<\/span><\/p>\n

Harvey Morrison Private Wealth<\/span><\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Did You Know? If you have attained the age of 65 and you receive eligible pension income you are entitled to a Federal 15% non-refundable tax credit on your first $2,000 of eligible pension income. That means $300 in tax savings! If you don\u2019t already receive pension income, once you turn 65, it can be […]<\/p>\n","protected":false},"author":241,"featured_media":540,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth-planning"],"_links":{"self":[{"href":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/wp-json\/wp\/v2\/posts\/698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/wp-json\/wp\/v2\/users\/241"}],"replies":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/wp-json\/wp\/v2\/comments?post=698"}],"version-history":[{"count":2,"href":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/wp-json\/wp\/v2\/posts\/698\/revisions"}],"predecessor-version":[{"id":701,"href":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/wp-json\/wp\/v2\/posts\/698\/revisions\/701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/wp-json\/wp\/v2\/media\/540"}],"wp:attachment":[{"href":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/wp-json\/wp\/v2\/media?parent=698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/wp-json\/wp\/v2\/categories?post=698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/hmprivatewealth\/wp-json\/wp\/v2\/tags?post=698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}