5 Major Pension Changes Arriving in February 2026 Don't Miss This CPP NEWS UPDATES

Описание: Are you a Canadian senior receiving CPP or OAS? There are 5 major pension changes arriving in February 2026 that could directly affect your monthly income, payment schedule, and tax withholdings. In this detailed update, we break down everything you need to know about the latest Canada Pension Plan and Old Age Security adjustments, including tax bracket changes, payment date updates, eligibility modifications, and what these changes mean for your net income.
🇨🇦 What's Covered in This Video:
• February 2026 tax bracket adjustments and how they impact CPP & OAS recipients
• Changes to the basic personal amount and what it means for your withholdings
• Updated OAS clawback thresholds for 2026
• How Service Canada calculates your monthly tax deductions
• New age amount tax credit phase-out rules
• Real examples showing how these changes affect seniors earning $30K–$60K annually
• Guaranteed Income Supplement (GIS) considerations for low-income recipients
• Step-by-step actions you can take right now to protect your retirement income
• How to request voluntary tax deductions to avoid surprises at tax time
• Pension income splitting strategies for couples
• Provincial tax credits and benefits you may be eligible for
• How to keep your Service Canada and CRA information up to date
Whether you're currently receiving CPP, OAS, GIS, or planning to apply soon, understanding these February 2026 changes is essential for managing your retirement finances effectively. We explain everything in plain language so you can make informed decisions about your pension income.
YOUTUBE CHAPTERS
00:00 Introduction – 5 Major Changes Coming in February 2026
01:30 Change #1: Basic Personal Amount Adjustments for 2026
05:45 Change #2: Tax Bracket Thresholds and Your Pension
09:20 Real Example: How $34,000 Income Gets Taxed Differently
12:40 Change #3: OAS Clawback Threshold Update
16:15 Change #4: Service Canada Tax Withholding Calculations
19:50 Change #5: Age Amount Tax Credit Phase-Out Rules
23:10 What This Means for Your Monthly Cheque
26:30 Impact on GIS Recipients – What You Need to Know
29:45 Action Step 1: Calculate Your Total 2026 Income
32:20 Action Step 2: Review Your Current Tax Withholdings
35:00 How to Request Increased Voluntary Deductions
37:40 Pension Income Splitting Strategy for Couples
40:15 Provincial Tax Credits and Benefits Available
43:00 Understanding Gross vs Net Pension Amounts
45:30 Provincial Tax Considerations by Province
48:00 Why Your Indexed Increase Might Not Feel Like a Raise
50:20 Keeping Your Information Updated with Service Canada
52:45 Provincial Top-Up Programs You May Qualify For
55:10 Key Takeaways and Final Recap
57:30 Your Questions Answered – Drop a Comment Below

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💬 Have questions about how these changes affect your specific situation? Share your question in the comments below — I read and respond to every comment to help you understand your pension benefits better.
📋 Helpful Resources:
• My Service Canada Account: canada.ca/my-service-canada-account
• CRA My Account: canada.ca/my-cra-account
• Service Canada Contact: 1-800-277-9914
• Request for Voluntary Tax Deductions Form: Available on Service Canada website
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