CRA Crackdown on Seniors 2026: GIS Clawback & Audit Triggers

Описание: If you’re a Canadian senior filing your 2025 tax return in March/April 2026, this is the GIS video you need.

GIS is based on income, and even small extra income can reduce your payments fast. In this video we break down the key 2026 rules, the common filing mistakes that lead to reassessments, and the income thresholds that can push GIS to $0.

Covered in this video:
How GIS is calculated and why accurate reporting matters
The $5,000 / $15,000 earnings exemption rule (and how the reduction works)
The income cut-off where GIS becomes $0 (and why seniors get surprised)
OAS recovery tax (clawback) basics
Foreign pension income: where it gets reported and why missing it causes problems
RRSP/RRIF withdrawals and how they can reduce GIS
What to do if your income drops (and how to avoid future payback)

CHAPTERS
00:00 Who this applies to (seniors filing 2025 taxes in 2026)
00:32 Why CRA mismatches lead to reassessments
01:25 What GIS is (and who qualifies)
02:02 GIS is based on prior-year income (2026 payments = 2025 return)
02:30 The 50¢ per $1 reduction (simple example)
03:45 The $5,000 / $15,000 earnings rule
03:55 The income cut-off where GIS becomes $0
04:40 Using the estimator to see payments drop
05:25 Foreign pension income: CRA visibility + common mistake
06:20 RRSP/RRIF withdrawals: why GIS gets hit
08:10 Final checklist + subscribe

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This content is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult a qualified professional or the CRA directly for advice specific to your situation.
This video includes affiliate links. If you sign up using my Wealthsimple link, both you and I may receive a bonus at no extra cost to you.