Pension Income Splitting Ends for Some Seniors in 2026 Are You Affected?

Описание: If you're a Canadian senior receiving CPP or OAS, major tax policy changes coming in 2026 could significantly reduce how much money actually stays in your bank account each month. The federal government has confirmed amendments to age amount credits, pension income splitting rules, and OAS clawback thresholds that will affect thousands of middle-income retirees across Canada. In this video, we break down exactly what's changing, who will be impacted, and what you must do NOW to protect your retirement income.
🇨🇦 What You'll Learn:
• Confirmed tax changes affecting CPP and OAS recipients in 2026
• How the age amount tax credit reduction will impact seniors aged 65+
• New pension income splitting restrictions for Canadian couples
• Lower OAS clawback thresholds and who gets caught in the new rules
• Real-world examples showing potential tax increases of $2,000-$4,000 annually
• Six proven strategies to minimize the impact on your retirement income
• Who is most at risk: income ranges and household types
• RRIF withdrawal timing strategies to reduce your tax burden
• TFSA maximization tactics to avoid income-tested benefit reductions
• Why you need professional tax planning before January 2026
⏱️ TIMESTAMPS: 00:00 Introduction – Critical 2026 Tax Changes for Seniors 01:45 Why Your After-Tax CPP & OAS Will Shrink in 2026 04:20 Tax Change #1: Age Amount Credit Reduction Explained 07:35 Real Example: How Margaret Loses $600+ Per Year 09:50 Tax Change #2: Pension Income Splitting Restrictions 12:40 Real Example: Robert & Linda's $2,400 Tax Increase 15:15 Tax Change #3: Lower OAS Clawback Threshold 18:05 Real Example: Thomas Enters the Clawback Zone 20:30 Who Is Most Affected By These Changes? 23:10 Strategy #1: Optimize Your RRIF Withdrawals Now 25:45 Strategy #2: Recalculate Pension Income Splitting 27:20 Strategy #3: Income Smoothing Techniques 29:00 Strategy #4: Maximize TFSA Contributions 30:40 Strategy #5: Provincial Tax Credits & Benefits 32:15 Strategy #6: Get Professional Advice Before 2026 34:50 Debunking Misinformation About CPP & OAS Cuts 37:30 What Low-Income Seniors & GIS Recipients Need to Know 39:45 Final Recap and Action Steps for 2025 42:10 Your Questions Answered in the Comments
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⚠️ DISCLAIMER: This video provides general information about proposed and confirmed tax changes affecting Canadian seniors. Tax situations vary significantly by individual circumstances. Always consult with a qualified tax professional or financial advisor before making decisions about RRIF withdrawals, income splitting, or other tax strategies. Information is current as of the video publication date and subject to legislative changes.
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• CPP Payment Dates 2026: Full Schedule & Banking Holiday Changes
• OAS Increase 2026: Exact Amounts for Ages 65-74 and 75+
• GIS Top-Up Payment: Who Gets the Extra Money and When?
• TFSA Limit 2026: How Seniors Can Maximize Tax-Free Growth
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📊 OFFICIAL SOURCES REFERENCED:
• Canada Revenue Agency (CRA) Tax Guidelines
• Service Canada Benefit Publications
• Department of Finance Budget Implementation Acts
• Statistics Canada Senior Income Reports
👍 If this video helped you understand the 2026 tax changes, please LIKE, SHARE, and SUBSCRIBE to help other Canadian seniors stay informed!