I rolled over my RRSP to a RRIF in Jan 2024. I am 65 years old. If I withdraw fund from the RRIF in 2024 are they considered a pension income that can be split?

Forum|Forum|2 years ago
February 6, 2024
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TurboTaxBrenda

As per the CRA, amounts such as old age security benefits, Canada Pension Plan benefits, Quebec Pension Plan benefits, death benefits, retiring allowances, excess amounts from a RRIF transferred to an RRSP, another RRIF, or an annuity, amounts shown in boxes 18, 20, 26, 28, and 34 of your T4RSP slips, and amounts distributed from a retirement compensation arrangement shown on your T4A-RCA slips do not qualify for the pension income amount.

Otherwise, yes, it will be considered pension income, which can be split.

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