Skip to main content
by learnformula
search
For Business
Team license & compliance management
For Higher Education
Academic partnerships
For Government Agencies
Government training solutions
For Instructors & Course Creators
Teach on our marketplace
Become a Sponsor
Reach professionals where they learn
Log inStart 7-Day Free TrialStart Free TrialStart Free Trial
search
  1. Courses
  2. /Tax
  3. /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

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

Course Content

2 activities • 8 videos • duration: 2h 21m

remove
Course Content8 videos • 2.4 hours
  • videocamTax Planning for Canadian Retirees - 2023 - Intro
    Duration 6:00
  • videocamTax Planning for Canadian Retirees - 2023 - Part 1
    Duration 19:02
  • videocamTax Planning for Canadian Retirees - 2023 - Part 2
    Duration 28:24
  • videocamTax Planning for Canadian Retirees - 2023 - Part 3
    Duration 15:32
  • videocamTax Planning for Canadian Retirees - 2023 - Part 4
    Duration 6:33
  • videocamTax Planning for Canadian Retirees - 2023 - Part 5
    Duration 7:55
  • videocamTax Planning for Canadian Retirees - 2023 - Part 6
    Duration 27:19
  • videocamTax Planning for Canadian Retirees - 2023 - Part 7
    Duration 30:42
add
Final Assessment1 quiz

Your Instructor

Steven Pitucci

Accounting and Tax Educator, CPA, CA

menu_book16 courses
star3,775 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

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.6 out of 5
Student's Choice
290 reviews
  • NH
    Nancy H.
    starstarstarstarstar

    heavy on the business ownership and family trust information.

  • NS
    neil s.
    starstarstarstarstar

    very informative

  • SY
    Seoung Ho Y.
    starstarstarstarstar

    very imformative and practical

  • JW
    Julie W.
    starstarstarstarstar

    very relevant and informative especially since I am in the process of retiring!

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.

You May Also Like

  • Ethics: Business Ethics

    2026 Ethics and Corporate Compliance

    starRated5.0out of 5,(556 reviews)
    2 CPD hrs
  • Finance: Budgeting & Financial Forecasting

    Critical Skills for CFOs & Controllers: Budgeting & Forecasting Strategies for Today’s World

    starRated5.0out of 5,(113 reviews)
    2.5 CPD hrs
  • Accounting & Tax: Technology for Accountants

    Claude Fundamentals for Accountants (2026 Update)

    starRated5.0out of 5,(646 reviews)
    2.5 CPD hrs