Amount for Retirement Income (Quebec)
January 20, 2026
The amount for retirement income may be claimed when retirement income is reported on the tax return. Eligible income includes pension payments such as a life annuity from a registered pension plan (RPP), as well as withdrawals from a Registered Retirement Savings Plan (RRSP) or a Registered Retirement Income Fund (RRIF).
The relevant amounts for a life annuity, RRSP, or RRIF are shown on the RL-2 slip. Quebec Pension Plan (QPP) retirement benefits also qualify as eligible retirement income for this credit.
This amount can be claimed if the taxpayer or their spouse, as of December 31, reports income on line 122 or line 123 of the return. The exact amount that can be claimed must be determined by completing Parts A and B of Schedule B.
However, certain types of income do not qualify, including Old Age Security (OAS) pension reported on line 114, pensions paid by Retraite Québec under the Quebec Pension Plan, pensions paid under the Canada Pension Plan (line 119), and life annuity payments made under a retirement compensation arrangement (line 123 or 154, as applicable).
Example :
Robert, a 68-year-old resident of Quebec, is retired. In 2025, his eligible retirement income consists of $10,000 from his Registered Retirement Income Fund (RRIF), as reported on an RL-2 slip. He also receives $15,000 in Canada Pension Plan (CPP) and Old Age Security (OAS) payments, which do not qualify for this credit.
For the purposes of this example, Robert’s total net family income is below the reduction threshold of $42,090 for 2025, allowing him to claim the full Quebec retirement income amount.
Answer: Robert reports his RRIF income of $10,000 on line 154 of his Quebec tax return, along with his other pension income as required. He then uses Schedule B to calculate the amount for retirement income, with the maximum claimable amount for 2025 being $3,470.
Robert enters the full $3,470 on line 361 of his Quebec tax return, and this amount is subsequently included in the calculation of his provincial non-refundable tax credits.