Guaranteed Income Supplement
Retirement Planning

Qualifying for Guaranteed Income Supplement

Low income Canadians who qualify to receive Old Age Security are eligible to receive a monthly non taxable benefit known as Guaranteed Income Supplement (GIS). Eligibility For an individual to qualify for Guaranteed Income Supplement, […]

Clawback of OAS
Retirement Planning

Old Age Security Clawback

If your net worldwide income exceeds a certain threshold, there may be an Old Age Security clawback on the payments you’ve received. For example, if your net worldwide income exceeds the threshold amount which for […]