Pension and Retirement Income

CPP and EI are vital deductions that fund your retirement, disability, and unemployment support in Canada. This post explains how these amounts are calculated, their impact on your tax return, and key differences between employees and self-employed individuals.

RRSPs offer powerful tax advantages for Canadian taxpayers. This blog explains how RRSP contributions work, how to avoid over-contributing, and how to strategically use RRSPs to maximize tax savings and retirement income. Includes examples, limits, and withdrawal strategies.

Understanding how retirement income is taxed in Canada is essential for financial security. This blog covers OAS, CPP, RRIFs, and private pension income taxation, offering practical strategies to minimize taxes, maximize credits, and avoid common pitfalls during retirement.