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Financial Planning: Tax Deductions, Credits, and Key Tax Issues for Older Adults (Queens County)

A practical single session course to help you identify missed tax deductions and understand the tax rules that matter in retirement. This session provides clear, practical guidance on the tax issues that matter most to older adults. Many Islanders unknowingly miss valuable tax deductions or credits, or fall into avoidable tax traps that reduce their income. We will review current tax rates, deductions and credits often overlooked by older adults, spousal pension splitting, Old Age Security and Guaranteed Income Supplement considerations, charitable giving, and other tax issues relevant in retirement. Only a brief overview of tax matters related to home ownership changes will be provided; full details are covered in Financial Planning: Housing, Care Options, and Your Home — What Older Adults Need to Know. In addition, if you are holding real estate (or other assets) in joint name or on behalf of a parent or child (i.e., in trust, whether formally or informally), you may also wish to attend the course: Financial Planning: Hidden Tax Traps in Home Ownership, Joint Title and Informal Trusts, which will cover some new rules put in place from 2016 to 2026 that you may have missed. RRSP/RRIF withdrawal timing and requirements are covered separately in Financial Planning: Understanding Government Pensions (CPP, OAS, GIS) and RRSP/RRIF Decisions.

Course Locations and Times

	Offering Period & Time	Location	Status
Fall
Winter	02/11/2027 - 02/11/2027 Thursday 1:00 PM - 3:30 PM	Royalty Centre Room #125 (125) 40 Enman Crescent CHARLOTTETOWN C1E 1E6	Wait List
Spring

Requirements	Write your questions down in advance and bring them with you, or send them to the instructor if invited. Cancel early if you cannot attend.
Objectives	To help older adults identify tax deductions and credits they may be missing, understand the tax rules that apply in retirement, and avoid common tax traps. Participants are encouraged to review any concerns with their own tax advisor.
Teaching Process	PowerPoint and Question and Answer
UPEI Parking Pass Required?	No
Additional Costs?	No
Additional Costs or Information

Course Facilitator

Blair Corkum

Blair Corkum is a Chartered Professional Accountant with 50 years of experience helping Islanders navigate tax and financial decisions. He provided hourly, fee-only financial planning — offering completely unbiased advice with no product sales or commissions. Until his recent retirement, Blair focused on one-time consultations with older adults, offering second opinions on financial plans and guidance on retirement, long-term care, tax, and estate matters. He also holds designations as a Registered Financial Planner (R.F.P.), Certified Financial Planner (CFP), Chartered Financial Divorce Specialist (Advanced Accreditation), Chartered Life Underwriter, and Certified Health Insurance Specialist. Blair is passionate about volunteering his time to deliver financial seminars for older adults, helping them make informed, confident decisions for their future. He promotes financial literacy through writing, community presentations, and advisory work with non-profit, federal, and provincial organizations. Blair has been featured in television, radio, and print media, and shares practical resources on his website, www.corkumfinancial.ca.