STOP! The New Income Test for OAS & GIS is Here—Don't File Your Taxes Without This! 1080p caption скачать в хорошем качестве

STOP! The New Income Test for OAS & GIS is Here—Don't File Your Taxes Without This! 1080p caption

#CanadaSeniors #CRA2026 #CanadaPensionPlans #OASGISIncomeTest 🔴 STOP! The New "Income Test" for OAS & GIS is Here—Don't File Your Taxes Without This! — one wrong number on your 2025 return could cut your GIS by hundreds every month starting July 2026. IN THIS VIDEO: Michael Grey from Canada Pension Plans reveals the exact 2026 income thresholds for OAS and GIS, exposes 4 traps that silently reduce your benefits, and shares the TFSA Eligibility Loophole that protects your GIS with zero reduction — information your accountant likely never told you. File smart or lose money every single month for the next full year. ✅ VERIFIED: All amounts and thresholds sourced directly from CRA, ESDC & Service Canada 2026. ➡️ JOIN OUR COMMUNITY:    / @canadapensionplans   WHAT YOU GET IN THIS UPDATE: ✔️ Your Real 2026 OAS Payment: Ages 65–74 receive $742.31/month. Ages 75+ receive $816.54/month — the permanent 10% enhancement is fully active. Combined with maximum GIS, a single senior 75+ receives up to $1,925.28/month in completely non-taxable government income. ✔️ The GIS Income Threshold Alert: Single seniors must keep net annual income below $22,488 to receive any GIS. Couples where both receive full OAS must stay below $29,712 combined. Cross these lines accidentally and you lose hundreds every month. ✔️ The TFSA Loophole: TFSA withdrawals count as $0 toward the GIS income test and $0 toward your OAS clawback on Line 23400. Shifting income from RRIF to TFSA is the single most powerful legal strategy in this video — and most seniors have never heard of it. ✔️ The Two-Threshold Clawback Split: From January–June 2026, OAS clawback is based on your 2024 income — threshold $90,997. From July 2026–June 2027, it switches to your 2025 income — new threshold $93,454. Your April 30th, 2026 filing sets your clawback for the next full year. ✔️ Provincial Alert — Ontario & Alberta: Ontario GAINS and Alberta Seniors Benefit top-ups do NOT count against your GIS income test — they are fully excluded. Seniors in these provinces may qualify for more GIS than they realize. ✔️ The April 30th, 2026 Deadline: Miss it and your GIS can be reduced or stopped in July 2026. Even a nil return — zero income — must be filed to protect your benefit. Filing is free. Not filing is costly. ✔️ Form T1213(OAS) — Your Secret Weapon: If your 2025 income dropped below your 2024 income, file this CRA form to immediately reduce the OAS recovery tax being withheld from your monthly payment. Stop waiting for a refund — get your money now. ✔️ The Sponsorship Rule Change — October 1st, 2025: Immigrant seniors under an active sponsorship agreement are now ineligible for GIS, Allowance, or Allowance for the Survivor. An Inability to Support waiver is available if your sponsor cannot provide support due to death, disability, or abuse. 🕒 VIDEO BREAKDOWN: 🕒 0:00 — You are about to file your taxes wrong — here is what to fix before April 30th 🕒 2:30 — Debunking the fake income test law and the $2,000 one-time payment rumour — forensic truth only 🕒 5:30 — Your exact 2026 OAS amounts — $742.31 and $816.54 — and the two-clawback-threshold split nobody explains 🕒 8:30 — GIS thresholds 2026 — $22,488 single, $29,712 couple — and the 50 cent reduction formula that is quietly draining your benefit 🕒 11:30 — The TFSA strategy: $0 counted toward GIS, $0 toward OAS clawback — $109,000 cumulative room in 2026 🕒 14:30 — The 4 traps: RRIF income bomb, dividend gross-up 138%, OAS deferral GIS lockout, and the filing deadline trap 🕒 17:30 — Form T1213(OAS), GIS estimate request, and your complete 5-step pre-filing checklist TOPICS COVERED: GIS Income Test 2026 · OAS Clawback Line 23400 · TFSA Withdrawal GIS Exclusion · RRIF Minimum Withdrawal Income Bomb · Dividend Gross-Up 138% · Form T1213 OAS Recovery Tax · GIS Estimate Request Service Canada · OAS Deferral GIS Lockout · Net World Income Threshold · Sponsorship Ineligibility Rule October 2025 · GIS Reduction Formula 50 Cents · CPI Quarterly Indexation OAS 💬 DROP YOUR COMMENT RIGHT NOW: Which of these 4 traps did you NOT know about before watching this video? Was it the RRIF income bomb that wipes out your GIS? The dividend gross-up that adds phantom income to Line 23400? The OAS deferral GIS lockout that costs low-income seniors thousands? Or the TFSA strategy that protects your GIS completely? Tell us which trap shocked you most — and tell us which province you are in. Folks from every corner of Canada deserve to know what their neighbours are doing to protect their benefits. Let us build that list together, eh. ⚠️ DISCLAIMER: This video is for educational and informational purposes only and does not constitute financial, tax, or legal advice. Individual benefit amounts, thresholds, and eligibility vary based on personal circumstances. Always verify your specific situation directly with Service Canada at 1-800-277-9914 or through the official canada.ca website before making any tax or financial decisions.