Tax Planning for a Summer Retirement in Canada
Retiring in the summer requires careful tax planning to avoid higher brackets and OAS clawbacks. Financial advisors explain key strategies for a smooth transition.
Category : Search result: OAS clawback
Early CPP, OAS Payments Delivered Before Christmas
Canadian seniors receive their final 2025 CPP and Old Age Security payments early this month. Learn about the amounts, eligibility, and the 2026 increases.
Is $2.75M Enough for Halifax Couple to Retire Early?
A Halifax couple, 55 and 54, with a $2.75 million portfolio aims for early retirement. A financial expert assesses if their savings can sustain a $140K-$150K annual income and when to claim CPP and OAS.
CRA claws back COVID benefits from deceased taxpayer
The CRA is demanding repayment of COVID benefits from a deceased taxpayer's estate, raising questions about policy fairness. Learn how RRSP values triggered this clawback and what it means for seniors.
Old Age Security costs surge as Liberals avoid reforms
Canada's Old Age Security program costs are projected to hit $94 billion by 2035. Learn why the Liberals avoided reforms and what it means for taxpayers.
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