Low Income Retirement Planning

About this event

Older Adults. November is Financial Literacy Month Learn about government benefits, tax credits, and strategies to help protect your retirement income. Presented by John Stapleton from Open Policy Ontario. These sessions are designed for seniors with low income and those who advise them. Registration not required. Drop-in welcome. Thursday Oct 1: What Do Seniors Get? Learn about benefits for older adults living in Ontario, including Canada Pension Plan (CPP), Old Age Security (OAS), Guaranteed Income Supplement (GIS), and Guaranteed Annual Income Supplement (GAINS). Thursday Oct 15: Understanding the Personal Income Tax System. What is a taxable income and how can tax credits, deductions, entitlements and exemptions help to reduce taxable income. Thursday Oct 29: Protecting Your Retirement Income. Learn how to reduce claw backs to GIS and GAINS payments if receiving additional income from employment, a private pension, or a Registered Retirement Savings Plan (RRSP). Thursday Nov 12: Coming to Canada and Leaving Canada. Learn about eligible benefits for those that resided in Canada for fewer than 40 years between the ages of 18 and 65, or for those planning on emigrating from Canada after retiring. Thursday Nov 26: Tax Credits and Benefits for Seniors and People with Disabilities. Learn about other tax credits and benefits for seniors, people with disabilities, and caregivers, including the disability tax credit, the Canada caregiver credit, and the home accessibility tax credit. One-on-one support is available at select branches. Meet with Financial Empowerment staff for free financial counselling. Book your free appointment today. Speak with branch staff or visit tpl.ca/financial-empowerment for more information.