https://youtu.be/sGJSu0xF3J0 Introduction You’ve been paying into the Canada Pension Plan (CPP) for years—decades, in fact. That deduction comes off your paycheque like clockwork, and for many Canadians, it’s easy to think, “That’s my retirement taken care of.” But here’s the catch: the way you claim CPP benefits has a big impact on how much income […]
The Old Age Security (OAS) program provides a guaranteed stream of income to Canadians in retirement – but those with taxable income above a threshold (in 2025, $93,454) start losing some of their OAS to the pension recovery tax (commonly referred to as the clawback). When taxable income reaches a second threshold (in 2025, $151,668 […]
Whether the amount is small or large, whether it applies to a couple of years or many, Canadians don’t like their Old Age Security (OAS) pension clawed back. The claw-back is officially known as the OAS pension recovery tax A taxpayer repays 15% of the amount by which their taxable income exceeds the threshold amount, […]
In case you missed our webinar on November 18, 2021, we hosted a one-hour financial education session. Highlights and where to find various topics are included below: Overview of financial accounts – 04:50 Refresher on RESP Accounts- 09:50 RRSPs vs TFSA- 19:34 Retirement Income-33:35 Insurance & Estate Planning- 42:50
