Every Canadian Senior Must Do This in November or Pay All Year

📘 Get The Canadian Seniors' Money Playbook here: https://jakemorrison.gumroad.com/l/Playbook At midnight on December 31, a handful of counters in your financial life quietly go back to zero, and some of the money you could have used is simply gone. December is not really your deadline. November is, because almost everything on this list needs a pharmacist, a bank, a contractor or a charity to do something first, and the last two weeks of December run on holiday hours. Two people, Doreen in Kelowna and Bill in Moncton: for one of them a counter resets, and for the other it ends. What we cover: Your drug plan's year: BC Fair PharmaCare pays 100% after the family maximum for the rest of the calendar year, then resets in January. Ontario's ODB year runs August to July Donations: claim them this year or carry them forward up to five years, put both spouses' receipts on one return, and why the first $200 earns 14% and the rest 29% (2026) Medical expenses are not a calendar counter: any 12-month period ending in the year, less 3% of net income or $2,890 (2026) Home Accessibility Tax Credit: up to $20,000 of work a year, worth up to $2,800 in 2026, but the work must be done and paid in the tax year The income year: the RRIF minimum (5.28% at 71), the $95,323 OAS recovery-tax line on 2026 income, and why a December TFSA withdrawal gets the room back on January 1 The held one: your RRSP cannot carry on past December 31 of the year you turn 71. The three options, and what cashing out does to one year's income Bonus: three things that are NOT December deadlines (pension splitting, Ontario's Seniors Co-Payment Program, unused TFSA room) Sources: Income Tax Act s.118.1, s.146 and Income Tax Regulations s.7308; CRA (TFSA contribution room, medical expenses, home accessibility expenses, RRSP options at 71, RRIF payments, OAS recovery tax); Finance Canada (2026 credit rate); BC Fair PharmaCare; Ontario Drug Benefit and Seniors Co-Payment Program. Checked October 2026. Two honest notes. Doreen and Bill are a composite, not real people. And drug plans and provincial programs vary, so check the equivalent where you live. Free help first, always. A community volunteer tax clinic will do this for you for free if your income is modest and your return is simple. Your pharmacist will tell you where you stand on your drug plan. The CRA line is 1-800-959-8281. Nobody from the CRA will ever ask for your SIN or banking details in a comment. 📘 Get the full playbook on every deadline and form, in order: https://jakemorrison.gumroad.com/l/Playbook Jake Morrison is a digital presenter. Content is produced with AI narration by the Jake Morrison channel team. General information about published rules, not financial advice. Not affiliated with the Government of Canada. Which province are you in? One word below. #CanadianSeniors #RRSP #RRIF #TFSA #CRA