🚨Your 2026 Tax Return Has a Hidden $420 Problem – Here's Why | CPP NEWS UPDATES.

Описание: 🚨Seniors Warning: The Line 23600 Tax Mistake Costing You a $420 Refund in 2026

🚨 Important Update for Canadian Seniors — As the CRA prepares to open Netfile on February 23rd, 2026, there is a hidden trap on your T1 General tax form that could cost you hundreds of dollars. If you or your accountant miscalculate your "Net Income" on Line 23600, you could instantly lose your $420 Senior Tax Refund, get pushed into a higher 20.5% tax bracket, or even trigger a massive OAS clawback that drops your monthly checks to zero.

In this video, we break down exactly how this hidden tax trap works, the common deductions that seniors are missing, and most importantly, the exact step-by-step roadmap to protect your money and claim what is rightfully yours before you file.

🇨🇦 What You'll Learn in This Video:

✅ Why Line 23600 is the single most important number on your 2026 tax return
✅ How the hidden 14.5% federal tax rate works — and why your accountant might miss it
✅ The "Yes or No Rule" that determines if you get the new $420 Senior Tax Refund
✅ Real-life example: How missing a simple medical deduction can cost you hundreds
✅ The OAS Clawback Trap: How a one-time income spike can drop your pension to zero
✅ How to use a quick RRSP contribution to lower your income and save your refund
✅ A step-by-step guide to verify your CRA My Service Canada account before filing

🎥 Video Breakdown:
00:00 ⚠️ Urgent Warning: The Line 23600 Tax Trap
02:15 The 14.5% Federal Tax Bracket Secret
04:40 Real-Life Example: The Medical Deduction Mistake
07:10 The $420 Senior Tax Refund Explained
10:35 The OAS Clawback Trap: Why Your Cheque Could Drop to Zero
13:50 Step-by-Step Roadmap to Protect Your Benefits
15:15 The "Zero-Dollar Glitch" & What You MUST Do Next

📺 Subscribe for weekly updates on CPP, OAS, GIS, and all federal benefits for Canadian seniors. We cut through the confusion and deliver clear, accurate, and trustworthy information you can count on.

🔔 Turn on notifications — so you never miss critical updates about your pension payments, tax changes, or benefit eligibility.

💬 Where are you watching from? Drop your PROVINCE + the word "TRUTH" (e.g., Ontario TRUTH) in the comments below! We want to see where this information is hitting hardest so we can create provincial-specific guides for you.

#cppnewsupdates CRA2026 #OAS #SeniorBenefits #TaxChanges2026