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Seniors
FAQ's
What does "OAS clawback" mean and how do I know if it affects me?
There is a special tax on OAS pension amounts if you as a taxpayer have net income for that tax year over a certain threshold (for 2013 this was $70,954). This special tax is 15% for every dollar above the threshold.
When and how do I apply for Old Age Security (OAS) benefits?
There are a number of options for you as to when you can apply for the OAS benefit. A number of factors of your personal situation will be relevant in when you decide to take the benefit.
Additional information on the OAS benefit is available at the link below
When and how do I apply for the Canada Pension Plan (CPP) retirement benefit?
There are a number of options for you as to when you can apply for the CPP retirement benefit. A number of factors of your personal situation will be relevant in when you decide to take the benefit.
Additional information on the CPP benefit is available at the link below
