Retiring at 60? These CRA Tax Traps Catch Most Canadians
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Retiring at 60? These CRA Tax Traps Catch Most Canadians
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⭐️⭐️ Retiring at 60? These CRA Tax Traps Catch Most Canadians
Retiring around age 60 can feel like freedom, but for many Canadians, it's where tax mistakes quietly begin.
In this video, I break down the most common retirement tax traps I see when people stop working, including how CPP, OAS, RRSP and other income sources interact, how timing mistakes can raise your tax bill, and what smart tax planning actually looks like before and after retirement.
Whether you plan to retire at 60 or later, understanding these tax rules can help you avoid unnecessary taxes and keep more of your retirement income.
What we cover:
00:00 - Why This Matters
00:41 - Tax Mistake #1
02:29 - Tax Mistake #2
03:57 - Tax Mistake #3
5:25 - Tax Mistake #4
6:52 - Tax Mistake #5
8:06 - What Should You Do Now?
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