Canadian Seniors Alert May 2026: 9 Tax Credits Older Canadians Must Know скачать в хорошем качестве

Canadian Seniors Alert May 2026: 9 Tax Credits Older Canadians Must Know

9 TAX CREDITS Canadian Seniors MUST Claim in 2026 | Save $1,000s You're Missing (Age Amount, DTC, Medical Expenses) CRITICAL TAX ALERT: If you're a Canadian senior aged 65+, you could be leaving thousands of dollars on the table by not claiming these 9 essential tax credits. Many older Canadians don't realize they qualify for credits worth $8,790 (Age Amount), $9,428 (Disability Tax Credit), and up to $10,000 in home accessibility expenses. With the 2026 tax season approaching, now is the time to understand exactly which credits you're entitled to and how to claim every dollar you deserve. 🍁 What You'll Learn: The complete Age Amount Credit explained — maximum $8,790 for seniors 65+ (saves up to $1,318 in federal taxes) Income threshold $43,399 — how it affects your Age Credit eligibility Pension Income Amount: claim up to $2,000 for instant $300 tax savings Disability Tax Credit (DTC) — $9,428 credit most seniors don't know they qualify for Medical Expense Tax Credit — how to claim healthcare costs over $2,635 threshold Canada Caregiver Credit $7,999 — caring for spouse or dependent with impairment Home Accessibility Tax Credit — $10,000 maximum for safety renovations (save $1,500) Digital News Subscription Credit — $75 annual savings for qualifying subscriptions Provincial property tax credits and rent assistance by province (up to $1,270 in BC) GST/HST Credit — $340-$445 quarterly payments for low-income seniors Which credits are refundable vs. non-refundable (critical difference explained) How to claim medical expenses for any 12-month period (maximize your benefit) Form T2201 complete guide — Disability Tax Credit application process Retroactive claims up to 10 years for DTC (recover thousands in missed credits) CRA Community Volunteer Tax Program — free tax help for seniors Provincial tax credits that double your federal savings Eligible medical expenses: prescriptions, dental, vision, hearing aids, attendant care Home accessibility eligible expenses: wheelchair ramps, walk-in tubs, stairlifts, grab bars Why every senior MUST file taxes even with low income (avoid losing GIS and credits) Income splitting strategies to maximize pension income credit Real calculation examples showing exact dollar savings for each credit ⏱️ TIMESTAMPS: 00:00 9 Tax Credits Worth Thousands — Don't Miss These! 01:45 Credit #1: Age Amount $8,790 Explained (Maximum $1,318 Savings) 04:30 Income Threshold $43,399 — Clawback Calculation Breakdown 07:15 Credit #2: Pension Income Amount $2,000 ($300 Annual Savings) 09:50 What Qualifies as "Eligible Pension Income" (CPP vs RRIF vs OAS) 12:20 Credit #3: Disability Tax Credit $9,428 — Most Valuable & Underused 15:40 DTC Eligibility Requirements — Do You Qualify? 📋 ELIGIBILITY QUICK CHECK: ✅ Age 65+ by December 31, 2025? → Claim Age Amount (line 301) ✅ Receive pension, RRIF, or annuity income? → Claim Pension Income Amount (line 314) ✅ Severe physical/mental impairment 12+ months? → Apply for DTC (Form T2201) ✅ Medical expenses over $2,635 or 3% income? → Claim Medical Expense Credit (line 330) ✅ Care for spouse/dependent with impairment? → Claim Caregiver Credit (line 30425) ✅ Home safety renovations for accessibility? → Claim Home Accessibility Credit (line 31285) ✅ Subscribe to Canadian digital news? → Claim Digital News Credit (line 32300) ✅ Own home or rent with low income? → Check provincial property tax/rent credits ✅ Net income under $55,000? → Automatically assessed for GST/HST Credit 🇨🇦 OFFICIAL SOURCES CITED: Canada Revenue Agency Tax Credit Rates 2025 Income Tax Act Section 118(2) — Age Amount provisions Income Tax Act Section 118.3 — Disability Tax Credit Income Tax Act Section 118.2 — Medical Expense Tax Credit CRA Guide RC4065 — Medical Expenses Form T2201 — Disability Tax Credit Certificate CRA Info Sheet RC4064 — Disability-Related Information Provincial tax credit programs (all 10 provinces verified) Service Canada benefit coordination rules CRA Community Volunteer Income Tax Program guidelines RELATED SEARCHES: Age Amount tax credit 2026 | Disability Tax Credit Canada seniors | Medical expense tax credit calculator | Canada Caregiver Credit eligibility | Home Accessibility Tax Credit renovations | GST HST credit payment dates | Senior tax credits Canada 2026 | Form T2201 application guide | CRA tax credits for seniors | Pension Income Amount explained | Provincial property tax credits | Ontario senior homeowners grant | BC home owner grant seniors | Tax credits 65 and older | How to claim medical expenses Canada | DTC retroactive claims | Non-refundable tax credits Canada | Senior tax filing requirements | CRA Community Volunteer Tax Program | Save money taxes Canadian seniors #CanadianSeniors #TaxCredits2026 #AgeAmount #DisabilityTaxCredit #MedicalExpenseCredit #CRA DISCLAIMER: I am not a financial advisor. This video is for educational purposes only. Please consult a certified financial planner or Service Canada for your specific situation.