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Courses/Tax/Income Tax *

Tax Planning for Canadian Retirees: 2023 Edition

Covering the Seven Main Tax Planning Issues Facing Canadians in Retirement

Created bySteven Pitucci
IntermediateUpdated Oct 13, 2023
Tax Planning for Canadian Retirees: 2023 Edition

What You'll Learn

check_circleOptimize CPP and OAS claiming.
check_circleApply key income splitting strategies.
check_circlePlan effective RRIF conversions.
check_circleStrategize tax-efficient asset withdrawals.
check_circleAddress business owner tax issues.
check_circleUnderstand family trust tax planning.

About This Course

In this comprehensive course, Steven Pitucci, a practicing CPA from Toronto, Canada, provides students with an in-depth walkthrough of seven main tax planning issues facing Canadian retirees (for this course, considered to be those aged in their mid-50s and above) relevant for the 2023 tax year that professional business advisors should be aware of.

Special attention is paid to the 2023 Federal Budget affecting the alternative minimum tax (AMT), the proposed changes to Bill C-208 (“surplus stripping”) on intergenerational business transfers, and matters affecting inter-vivos family trusts.

Topics discussed in this course include:

  • Overview of CPP and OAS and when retirees should begin receiving them
  • Income splitting strategies for retirees
  • Strategies for converting RRSPs to RRIFs
  • Using TFSAs in retirement
  • Ordering asset withdrawals during retirement
  • Special considerations for business-owner retirees – including claiming the lifetime capital gains exemption, AMT, spousal rollovers, and changes to Bill C-208 for intergenerational business transfers
  • Family trusts – including their tax and legal advantages, compliance requirements for 2023, protecting assets during a divorce, and steps to set up a family trust

Your Instructor

Steven Pitucci
Steven Pitucci

Accounting and Tax Educator, CPA, CA

menu_book16 courses
star3,759 reviews

As a Chartered Professional Accountant, I am currently navigating the complex world of forensic accounting & advisory in a Canadian insolvency firm. I am a former partner of public accounting firm serving Canadian individuals and privately-held businesses. I am also educating other accountants with all things accounting and tax. I have a passion for taking complex issues and teaching them to others in a manner that is understandable.

Credit Information

What Students Are Saying

4.6
Student's Choice
290 reviews

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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