Valle outlines tax reduction strategies for retirees working part-time
Updated
Updated · Montreal Gazette · Apr 28
Valle outlines tax reduction strategies for retirees working part-time
13 articles · Updated · Montreal Gazette · Apr 28
Financial advisor Carlo Valle highlights that only 12% of Canadians know their correct tax deductions, and two-thirds misunderstand the tax system, according to a 2025 H&R Block survey.
Valle recommends strategies such as delaying Quebec Pension Plan or Old Age Security benefits, splitting QPP with a lower-income spouse, early RRSP-to-RRIF conversion, and maximizing TFSA contributions to manage taxes.
He emphasizes that part-time work in retirement offers significant health benefits, including reduced declines in mobility and mental health, and encourages retirees to consult financial planners for personalized tax management.
Beyond splitting pensions, what tax loopholes are Canadian retirees missing?
When is the optimal age to convert your RRSP to a RRIF?
Could a simpler tax code be better than complex retirement strategies?
Are the health benefits of working past 65 worth the tax headaches?
What is the single most overlooked tax credit for Canadian seniors?
How can you avoid the Old Age Security clawback while still working?