2026 CRA Tax Changes Rolling Out for Seniors Filing Returns — What Retirees Must Prepare For Now! 10

Описание: 2026 CRA tax changes are rolling out NOW — and Canadian retirees filing their 2025 return could lose hundreds or trigger an OAS clawback without even knowing it.
Every senior needs to check these 4 critical updates before filing this spring. The OAS threshold, pension income splitting, Age Amount credit, and a new GIS reporting rule that is quietly catching low-income seniors completely off guard — Jasper breaks down every one with real numbers, real examples, and exact CRA line references so you know precisely what to do before you submit your return.

⏱️ TIMESTAMPS
00:00 - Intro: The CRA Changes Silently Costing Canadian Retirees Money Right Now
01:45 - The OAS Clawback Threshold for 2025 (The Number That Decides Your Benefit)
04:20 - Pension Income Splitting & New Indexed Brackets — The Underused Power Move
07:10 - The Age Amount Credit Millions of Seniors Are Leaving Unclaimed
10:35 - The GIS Reporting Trap: How One RRSP Withdrawal Can Cut Your Monthly Benefit
14:00 - Real-Life Examples: Margaret (Single Senior) & Gerald + Patricia (Retired Couple)
19:30 - Your 4-Step Action Plan Before You File

📌 WHAT'S COVERED IN THIS VIDEO
In this week's Canada Pension Insight breakdown, Jasper walks through the four most impactful CRA and Service Canada updates hitting senior filers for the 2025 tax year (filed spring 2026):
① OAS Clawback Threshold — $90,997
Your CPP, RRIF withdrawals, rental income, capital gains, and part-time income all stack together. If your net income crosses this line, CRA claws back 15¢ for every dollar above it — and reduces your July 2026 OAS payment based on this return.
② Pension Income Splitting (Form T1032)
If one spouse earns significantly more eligible pension income, you can legally shift up to 50% to your lower-earning spouse — keeping both in a lower bracket. Gerald and Patricia in today's example saved between $2,800–$3,400 per year with this one form.
③ The Age Amount Credit (Line 30100)
Every Canadian 65+ may qualify for up to $8,790 federally — worth $1,318 in actual tax reduction. It phases out between $44,325 and $102,925. Millions of partial-credit seniors are missing this entirely.
④ New GIS Reporting Reality
GIS is recalculated every July based on your prior year's return. An RRSP or RRIF withdrawal in 2025 — even a small emergency one — can reduce or suspend your supplement for the entire 2026–2027 benefit year. Jasper explains exactly what to do before you file.

✅ YOUR 4-STEP ACTION CHECKLIST

Add up every 2025 income source and compare to the $90,997 OAS threshold
Check line 30100 on your T1 return — is your Age Amount populated?
File Form T1032 if you and your spouse have unequal pension income
If you receive GIS, review all 2025 income events and call Service Canada at 1-800-277-9914 before filing


💬 JOIN THE CONVERSATION
Drop a comment below and tell Jasper:
"Are you filing your 2025 return yourself — or using an accountant? And which of these 4 areas surprised you the most?"
Your answer directly shapes what gets covered next on this channel. Every comment is read.

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⚖️ IMPORTANT DISCLAIMER
The information provided in this video is strictly for educational and informational purposes only, based on publicly available guidance from the Canada Revenue Agency (CRA), Service Canada, and official federal budget implementation measures. Jasper is not a licensed financial advisor, tax professional, or legal counsel. Nothing in this video constitutes personalized financial, tax, or legal advice. Every individual's financial situation is unique. Before making any decisions regarding your tax return, OAS, GIS, CPP, or retirement income planning, please consult a qualified tax professional or certified financial planner. For official information, visit canada.ca or contact CRA directly.

🔗 USEFUL OFFICIAL LINKS

CRA My Account Portal → canada.ca/my-cra-account
Service Canada (GIS/OAS inquiries) → 1-800-277-9914
Form T1032 (Pension Income Splitting) → canada.ca/en/revenue-agency/services/forms-publications/forms/t1032
Age Amount (Line 30100) → canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-30100-age-amount


#️⃣ HASHTAGS
#CanadaPensionInsight #OASClawback2026 #CRATaxChangesSeniors