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 […]

Canadian Leaf
Retirement Planning

Old Age Security Non Resident Requirements

Old Age Security is a public assistance program for the benefit of Canadians who are 65 years or older. Receiving OAS benefits is dependent on the amount of time that an individual has spent in Canada as a resident. […]