Are you retired and considering going back to work? Wondering if you can collect your pension and earn a salary at the same time? This video is for you!
In this video, we dive into the concept of "double dipping" — collecting a pension while earning additional income. While the idea of boosting your retirement income sounds great, it comes with potential pitfalls, especially when it comes to taxes. We’ll break down:
What double dipping means in the context of retirement
Whether you can work while receiving a pension
The potential tax implications and how they can significantly impact your earnings
Strategies to minimize tax liabilities and make the most out of your retirement income
Using real numbers and examples, we'll show you how taxes can eat into your additional earnings and discuss a strategy that can help you keep more of your hard-earned money.
Before making any decisions, it’s crucial to consult with investment and accounting professionals to tailor advice to your specific situation. We'll guide you on the right questions to ask and what to look out for.
Stay tuned to the end for actionable tips that can save you from one of the most expensive tax mistakes Canadians can make while double dipping.
If you would like a personal one-on-one consultation, please contact me here:
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