Section
Taxes
What the Canada Revenue Agency wants from a retirement income — and what it gives back.
Taxes
The tax bill that surprises people in their first year of CPP
CPP is taxable income, but no tax comes off it unless you ask. The first spring after retiring is when people find that out.
Taxes
How the OAS recovery tax quietly takes some of it back
Above a set income, Old Age Security starts coming back out at 15 cents on the dollar — and it is collected a year later than most people expect.
Taxes
Who actually gains from splitting pension income
Moving up to half of one person's eligible pension income onto the other's return can lower a household's tax. For many couples it changes nothing at all.
Taxes
Three tax credits retired Canadians leave on the table
They are not loopholes and they are not new. They are standard lines on the return that get skipped because nobody mentions them.
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