Are IRA and pension distributions taxable?

If you received income, distributions or rollovers from a pension plan, annuity, Canadian pension, or from your Individual Retirement Arrangement (IRA), then you have IRA or pension distributions. The amount you receive may be taxable, partly taxable or not taxable at all depending on the tax law and type of plan. In some cases additional taxes (penalty) may apply if money has been taken out too early, too late or too much has been contributed.