Tax tips for retirees

Pension splitting: The spouse with higher pension income can split his/her pension income, transferring to the other spouse. The advantages are moving income to spouse in lower tax bracket, and avoiding the OAS repayment tax on income over 74,888, in 2018.

Age amount credit: This tax credit was $7225 in 2017, but if you earn over 84,597 you do not qualify.

Medical expenses: They must exceed 3% of net income or 2,237 in order to be claimable.