Maximizing your old age pension and minimizing your old age security clawback in Canada can require careful financial planning and an understanding of the country’s pension system. However, staying informed about changes in pension legislation and consulting a financial advisor can help you navigate the complex landscape of maximizing your old age pension benefits in Canada. Listen here today to find out some of the strategies you might want to put into practice.
(01:08): What’s the difference between Old Age Security and Canada Pension Plan?
(02:46): The basics to know to make sure you’re getting your OAS
(03:41): Eligibility
(05:38): How does the OAS clawback work?
(06:58): Some ideas on how to ensure that you get your OAS
(07:54): Mistakes that people make
(09:50): How fee-based accounts can help
(10:38): How to deal with dividend income
(11:07): Maximizing TFSAs
(12:06): Income splitting
(12:45): How to deal with capital gains
(14:28): Gifting tax-free
(15:40): Bonus ideas
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