[Verse 1] Jenny's pension landed in her mailbox last week Section fifty-six says income we must seek Employment Insurance checks when jobs disappear Social assistance too, it all counts here But scholarships for study? Different beast to tame If for tuition, books, supplies - excluded from the game [Chorus] Fifty-six brings income in Sixty takes deductions thin RRSP contributions ease your load Support payments split the code Moving for your job's new door Section sixty-two and more [Verse 2] RRSP room builds eighteen percent of what you earn Contribution limits help your tax burden turn Section sixty deductions shrink your taxable pay Registered retirement pulls those taxes away But watch the deadline - sixty days past year-end date Miss it and your deduction meets a bitter fate [Chorus] Fifty-six brings income in Sixty takes deductions thin RRSP contributions ease your load Support payments split the code Moving for your job's new door Section sixty-two and more [Bridge] Alimony's twisted dance, who pays and who receives Child support stays with the kids, no tax relief it weaves But spousal payments flip the script, deduction for the giver Inclusion for receiver makes their tax bill quiver [Verse 3] New job beckons forty kilometers away Moving costs deductible when distance comes to play Travel, storage, shipping fees, hotel nights en route Selling old house, buying new, section sixty-two takes root But timing matters critically, within the year relocate Or deductions vanish quickly, don't hesitate too late [Chorus] Fifty-six brings income in Sixty takes deductions thin RRSP contributions ease your load Support payments split the code Moving for your job's new door Section sixty-two and more [Outro] Income flows and deductions go Through the sections that you know Fifty-six, sixty, sixty-two Canadian tax law pulling through
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