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Canada Tax Federal Worksheet - Line 301

Age amount

Line 301 Age amount tax credit is an amount deductible if you were 65 years old or older on 31st December 2023, and your net income is less than $82,353.

If your net income is $35,466 or below you can claim $7,033, if above this amount (and below $82,353) complete the table below:

Canada Tax Federal Worksheet - Line 301 - Age amount
301 - Age amount
Maximum Amount 1
Your net income from line 236 of your return 2
Base Amount - 3
Line 2 minus line 3 (if negative, enter "0") = 4
Multiply the amount on line 4 by 15%. - 5
Line 1 minus line 5 (if negative, enter "0") Enter this amount on line 301 of Schedule 1. = 6

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