Standard Deduction For 2024 For Seniors In Canada. When you donate to a registered charity in canada, you can claim the donation amount as a tax credit on your tax return. The federal age amount for 2023 is $8,396 ($8,790 for 2024).

Claim this amount if you were 65 years of age or older on december 31, 2023, and your net income ( line 23600 of your return) is less than $98,309. Deduction for cpp or qpp enhanced contributions on employment income.