Retirement

If you are a senior, you are eligible for several tax credits that should be considered when filing your personal tax return.  Use the wisdom that comes with age and take advantage of the benefits. Age Amount Credit If you are over the age of 65 on December 31st and your income is less than…

From Retirement to Pensions and Old Age Security There are varying sources of income you may receive in your retirement years.  Understanding these sources and how amounts are calculated will help you plan for the related taxes due on this income Retirement Allowance A Retirement Allowance (or severance pay) is a payment made to employees…