Financial Planning -> Seniors
Topics and Resources for Seniors
Government Benefits, Programs and Services - federal and provincial/territorial
Government Income Programs
Old Age Security Pension (OAS) - may be available to Canadians living outside Canada
Old Age Security Pension Clawback - and how capital gains can increase the clawback, even if they are completely eliminated by capital losses carried forward
Guaranteed Income Supplement (GIS) for Canadian seniors, the Allowance, and the Allowance for the Survivor
CPP Survivor Benefits (not just for seniors)
CPP Disability Benefit (not just for seniors)
Child Rearing Drop-out - Did you stay home to raise young children? Make sure you apply for this when you apply for any CPP benefits.
Quebec Pension Plan (QPP) on Quebec Pension Board website
Seniors Income Tax Information
Age amount tax credit (reduced when income exceeds threshold)
Amount for an eligible dependent - A single person can claim a tax credit for a dependent child, grandchild, sibling, parent or grandparent.
Capital Gains Can Increase Your OAS Clawback - even if you have capital losses carried forward that will completely eliminate the capital gains.
Caregiver amount tax credit may be available if (dependent or non-dependent) parent or grandparent (over 65) lives with you, or if a dependent relative lives with you.
Service for Seniors Telefile - no longer available
You might save tax by sharing your CPP retirement pension with your spouse.
Revised: September 14, 2021
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