The CRA Owes You $2,500 Every Year After 65
š Get the Retiree's AI Research Guide ā find every credit the CRA owes YOU before you call an accountant ā kevinretires.shop WHAT THE CRA OWES YOU: 1. GST/HST CREDIT ā Up to $519/year single, $680/year couple. Tax-free, paid quarterly ā but ONLY if you file. Stop filing and it silently switches off. (Becomes the Canada Groceries & Essentials Benefit mid-2026, +25%, plus a one-time top-up.) 2. THE AGE AMOUNT ā $9,208 base for 2026 ā ~$1,600/year federal + provincial in Ontario. Just for being 65+ and claiming it. Phases out above $46,432 income. Recoverable for past years if you missed it. 3. PENSION INCOME CREDIT ā ~$360/year (federal + ON) on your first $2,000 of eligible pension income. RRSP withdrawals DON'T qualify ā but RRIF, annuity, and workplace pension do. Fix: convert a small slice of your RRSP to a RRIF to switch the credit on. 4. SENIOR HOMEOWNERS PROPERTY TAX GRANT (ON) ā Up to $500/year, claimed on your return (not automatic). BC and Alberta have their own versions. Claim it retroactively for missed years. ā These 4 total ~$2,900/year for a single Ontario senior. (Title says $2,500 ā deliberately conservative.) 5. THE DISABILITY TAX CREDIT ā THE BIG ONE. Worth up to $15,000-$25,000 in a single lump sum, backdated up to 10 years. "Disability" is far broader than people think: difficulty walking, significant hearing or vision loss, stroke effects, severe arthritis, early dementia all can qualify. Form T2201, certified by your doctor. Most eligible seniors never apply ā purely because nobody told them their condition counts. Non-refundable, but transferable to a spouse if your income was low. MARGARET'S RESULT: $7,000 from correcting 3 returns (T1-ADJ) + $16,000 DTC lump sum (backdated 8 years) + ~$3,000/year going forward. Total recovered: over $23,000. From one free clinic appointment. KEY FACTS: ⢠T1-ADJ adjustment requests reach back up to 10 CALENDAR YEARS (not 3). ⢠Free tax clinics (CVITP) can file these for you at no cost ā call 211. ⢠The single most expensive mistake: a low-income senior who STOPS filing loses GST/HST, the property grant, GIS, Trillium ā $5,000+/year ā silently. THE TRUTH: The system is passive. It collects aggressively and pays out silently. Nobody phones to say you forgot your Age Amount. The job of claiming what's yours belongs to one person ā you. SOURCES Canada.ca ā GST/HST credit $519 single / $680 couple 2026; Canada Groceries & Essentials Benefit transition Canada.ca ā Age Amount $9,208 base for 2026 Canada.ca ā Pension Income Amount, $2,000 eligible pension income Ontario.ca ā Ontario Senior Homeowners' Property Tax Grant, up to $500 Canada.ca ā Disability Tax Credit (Form T2201); Disability Credit Canada / Spring Financial ā $15,000-$25,000 retroactive Canada.ca ā T1 Adjustment Request, up to 10 calendar years š Get the Retiree's AI Research Guide ā kevinretires.shop DISCLAIMER: This video is for educational purposes only and is not tax, legal, or financial advice. Tax situations and provincial programs vary. Always confirm with a qualified professional before making changes. #CanadianRetirement #CRA #DisabilityTaxCredit #AgeAmount #GSTCredit #TaxRefund #RetirementCanada #SeniorBenefits #T2201 #PensionIncomeCredit #PropertyTaxGrant #RetirementPlanning #CanadianTax #Over65 #CVITP #TaxClinic #CRAOwesYou #RetireeFinance #UnclaimedMoney #KevinRetires

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