Retirement: How to pay less tax - Step 3 of 5

Retirement: How to pay less tax - Step 3 of 5 (0 min 17 s)

Added on June 27, 2012

Description

Are you retired and want more information on financial strategies you can implement to ensure that you have a comfortable life? Competent and knowledgeable Desjardins experts will answer your questions and guide you.

Video: Retirement: How to pay less tax - Step 3 of 5

Retirement: How to pay less tax - Step 3 of 5 (0 min 17 s)

Added on June 27, 2012 | Personal

Question: Is it possible to pay less income tax, even in retirement?

Answer: You can use income splitting with your spouse to reduce your couple's tax bill.

You can also maximize the amount in your tax-free savings account (TFSA).

Your advisor can help you determine what deductions and tax credits you can claim.