The Government of Canada has created a new Canada Caregiver Tax Credit. Do you qualify? What is the Canada caregiver credit? Do you support a spouse or common-law partner, or a dependant with a physical or mental impairment? The Canada caregiver credit (CCC) is a non-refundable tax credit that may be available to you. A doctor’s note is required. Who can you claim this tax credit for? You may be able to claim the CCC if you support your spouse or common-law partner with a physical or mental impairment. You may also be able to claim the CCC for one or more of the following…

As of July 2013, you can defer receiving your Old Age Security (OAS) pension for up to 60 months (five years) after the date you become eligible for an OAS pension in exchange for a higher monthly amount. If you delay receiving your OAS pension, your monthly pension payment will be increased by 0.6 percent for every month you delay receiving it, up to a maximum of 36 percent at age 70. Deferring your old age pension for one year: Michael turned 65 in July 2013. If he decides to delay receiving his OAS pension for one year, his monthly amount will…