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Topics and Resources for Seniors

Government Benefits, Programs and Services - federal and provincial/territorial

Government Income Programs

Old Age Security Pension (OAS) - may be available to Canadians living outside Canada

Old Age Security Pension Clawback - and how capital gains can increase the clawback, even if they are completely eliminated by capital losses carried forward

Guaranteed Income Supplement (GIS) for Canadian seniors, the Allowance, and the Allowance for the Survivor

Canada Pension Plan (CPP) Retirement Pension

CPP retirement pension rules, including recent changes

CPP Survivor Benefits (not just for seniors)

CPP Disability Benefit (not just for seniors)

Child Rearing Drop-out - Did you stay home to raise young children? Make sure you apply for this when you apply for any CPP benefits.

Quebec Pension Plan (QPP) on Quebec Pension Board website

Government Benefits, Programs and Services in Canada

Seniors Income Tax Information

Pension splitting

Age amount tax credit (reduced when income exceeds threshold)

Attendant care expenses

Attendant care expenses paid to a retirement home

Amount for an eligible dependent - A single person can claim a tax credit for a dependent child, grandchild, sibling, parent or grandparent.

Capital Gains Can Increase Your OAS Clawback - even if you have capital losses carried forward that will completely eliminate the capital gains.

Caregiver amount tax credit may be available if (dependent or non-dependent) parent or grandparent (over 65) lives with you, or if a dependent relative lives with you.

Disability tax credit

Disability supports deduction

Pension income amount tax credit

Public transit tax credit

Non-Refundable Tax Credits and Refundable Tax Credits on the Filing Your Return page for other available tax credits.

Home Renovation and Home Accessibility Tax Credits

GST/HST credit

RRSPs / RRIFs / TFSAs

Service for Seniors Telefile - discontinued in 2012

Access your Old Age Security (OAS) and Canada Pension Plan (CPP) tax slips online.

You might save tax by sharing your CPP retirement pension with your spouse.

Tax Comparison of Canadian Dividends vs Other Income for Seniors

Revised: September 20, 2024