CPP vs OAS 2026 After Tax Reality for Seniors | Net Payment Guide скачать в хорошем качестве

CPP vs OAS 2026 After Tax Reality for Seniors | Net Payment Guide

If you receive CPP or OAS and you have ever noticed that the amount in your bank account is lower than what you expected, you are not imagining it. There is a real difference between what the government announces as your benefit and what actually arrives after tax — and this video explains exactly why that gap exists and what you can do about it. This is not about changes to the law or new government cuts. This is about understanding how the Canadian tax system treats your CPP and OAS payments, and what your net monthly income actually looks like in 2026. If you have ever been confused by a government letter, a lower-than-expected deposit, or a tax bill at the end of the year, this video was made for you. What this video explains: • The difference between your gross CPP and OAS payments and the amount you actually receive • Why both CPP and OAS are counted as taxable income by the Canada Revenue Agency • How voluntary tax withholding works and whether you should request it • What the OAS Recovery Tax is and which seniors it actually affects • How the Guaranteed Income Supplement is recalculated each July and why filing your taxes matters • What to look for in your My Service Canada Account and your CRA Notice of Assessment • Why your payment may look different in January and what causes that change Who should watch this video: This video is for Canadian seniors aged 65 and older who receive CPP, OAS, or GIS — especially those on fixed or limited incomes who want to understand what they are actually receiving each month after tax. It is also helpful for widows and widowers managing income on their own for the first time, Canadians approaching retirement who want to understand what their payments will really look like, and anyone who has received a confusing letter from Service Canada or the CRA and is not sure what it means. A note on sources: All information in this video is based on publicly available rules from the Government of Canada, Service Canada, and the Canada Revenue Agency. Benefit amounts and thresholds described are based on information available for 2026 and are clearly noted as confirmed or projected where appropriate. We always encourage you to verify your personal payment details through your My Service Canada Account at canada.ca or by calling Service Canada directly. Have a question or a comment? If you noticed a change in your CPP or OAS deposit this year and you are not sure what caused it, leave a comment below. Many people watching this video are going through the same thing, and your question might help someone else find the answer they are looking for. If you find these explanations useful, subscribing to Retire Path Canada means you will be notified whenever we publish new videos about CPP, OAS, GIS, and everything connected to Canadian retirement benefits. Timestamps: 0:00 — Why your CPP or OAS deposit may look different than expected 1:45 — CPP and OAS are not the same program — here is the difference 4:30 — Why both benefits are considered taxable income 7:15 — 2026 payment amounts: what the numbers actually look like 10:00 — Real example: Margaret's monthly income after tax 13:30 — Real example: Raymond and the OAS clawback threshold explained 17:00 — Voluntary tax withholding: should you request it? 19:30 — GIS: how it works and why filing your taxes every year matters 22:15 — What to check in your My Service Canada Account and CRA Account 25:00 — Summary and what to do next #CPP #OAS #GIS #CanadaPension #OldAgeSecurity #GuaranteedIncomeSupplement #ServiceCanada #CRA #CanadaRetirement #SeniorBenefits #RetirePathCanada #CPP2026 #OAS2026 #CanadianSeniors #TaxableIncome #NetPayment #RetirementIncome #CanadaRevenue