📌 5 TAXES Canadian Seniors DON'T Have to Pay — Most Have No Idea They're Exempt

#CanadianSeniorsTax #CRATaxExemptions #SeniorBenefitsCanada Are you a Canadian senior filing taxes every year and paying amounts you were never legally required to pay? The Canada Revenue Agency does not send letters explaining what you are exempt from — they only send letters telling you what you owe. The five tax categories covered in this video exist in the Income Tax Act and the Old Age Security Act right now. They apply to millions of Canadian seniors, and most are never claimed in full — not because seniors are ineligible, but because no one explains them clearly. Missing even one of these categories can mean hundreds or thousands of dollars left with the government unnecessarily. In this video, Gordon Mackay walks through each of the five legal tax exemptions available to Canadian seniors in 2026, including who qualifies, which line numbers apply on your federal return, and how to recover credits you may have missed on returns you already filed. What you'll learn: Why the Guaranteed Income Supplement is completely non-taxable and what filing error puts your payments at risk How the Age Amount on line 30100 can reduce your federal tax by up to $1,354 and how to transfer unused amounts to a spouse How to create eligibility for the Pension Income Amount even if you are not yet drawing pension income Who qualifies for the Disability Tax Credit, how to apply through Form T2201, and how to recover up to ten years of prior credits Why Tax-Free Savings Account withdrawals do not count as income and why this matters for Guaranteed Income Supplement recipients How to use the T1 Adjustment Request to correct previously filed returns DISCLAIMER This video is for educational purposes only and does not constitute legal, tax, or financial advice. Margaret and Robert are composite profiles used for illustration purposes only and do not represent specific individuals. Tax rules and eligibility criteria change, and individual situations vary. Always verify your specific circumstances directly with the Canada Revenue Agency, Service Canada, or a qualified tax professional. Information presented in this video reflects publicly available government guidance as of the date of publication. #CanadianSeniorsTax #CRATaxExemptions #SeniorBenefitsCanada #OldAgeSecurity #GuaranteedIncomeSupplement #CanadaPensionPlan #DisabilityTaxCredit #TFSACanada #CRACanada #CanadianSeniors