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Common Questions

What taxes will I have to pay now I’m retired?

Last reviewed August 2018 by the Clicklaw Editors and Seniors First BC

Although retirement means you may not be getting income from employment, you may be getting other types of income, such as the Canada Pension Plan (CPP) or the Old Age Security pension (OAS). How you pay the tax you owe will depend on the type of income you receive. There are also ways that you may be able to lower or defer certain taxes.

Good starting points include:

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income tax, income tax after retirement, retirement benefits, coronavirus, COVID-19, covid19