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How Retirees Can Avoid CRA Tax Shocks | Canadian Retirement Planning Thumbnail

How Retirees Can Avoid CRA Tax Shocks | Canadian Retirement Planning

Why did you owe taxes after your first year of retirement? If you retired recently and were shocked by a CRA tax bill — you’re not alone. In this video, I walk you through a real-life example of two retirees who earned the same income but had very different experiences at tax time. You'll learn why many Canadian retirees face unexpected tax bills, how your decisions about withholding taxes affect your final tax return, and simple steps to avoid CRA surprises and sleep better at night.

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