If you're receiving CPP or OAS benefits, a major tax policy change coming in 2026 could dramatically reduce how much money you actually keep each month. The federal government is moving forward with tax bracket adjustments that will affect thousands of Canadian seniors, especially those with combined retirement income. In this video, I break down exactly what's changing, who will be hit hardest, and what you can do right now to protect your retirement income.
🇨🇦 What You'll Learn:
• Why the 2026 tax change will reduce your net CPP and OAS payments
• How frozen tax bracket indexation creates "bracket creep" for seniors
• Exact income ranges where retirees will lose the most money
• How this affects OAS clawback thresholds and GIS eligibility
• Real-world examples showing the dollar impact on your monthly income
• Tax planning strategies to minimize the damage before 2026
• Credits and deductions seniors often miss that could save you thousands
• Why middle-income retirees are most vulnerable to this change
• How to check your current tax bracket and calculate your risk
• What you can do today to prepare for these changes
00:00 Introduction – A Tax Shock Seniors Aren't Expecting 01:45 What Exactly Is Changing in 2026 04:20 How Tax Bracket Indexation Works (Simple Explanation) 07:10 Real Example: How This Hits a Typical Senior's Income 10:30 Who Is Most at Risk from This Change 13:15 The OAS Clawback Connection You Need to Know 16:40 GIS Recipients – Indirect Effects on Your Benefits 19:00 Tax Planning Strategies You Can Use Right Now 22:30 Credits and Deductions Seniors Often Miss 25:45 Should You Withdraw RRSP Money Before 2026? 28:20 How to Calculate Your Personal Tax Risk 31:10 What You Can Do to Make Your Voice Heard 33:40 Final Recap and Key Takeaways 35:50 Subscribe for Weekly Pension Updates
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