Some of the required $ 72,200 could
come from
Old Age Security (OAS), with full benefits going to Canadians at age 67 (the age is currently 65, but will be gradually raised to 67, starting in 2023), regardless of work histo
Age Security (OAS), with full benefits going to Canadians at
age 67 (the age is currently 65, but will be gradually raised to 67, starting in 2023), regardless of work histo
age 67 (the
age is currently 65, but will be gradually raised to 67, starting in 2023), regardless of work histo
age is currently 65, but will be gradually raised to 67, starting in 2023), regardless of work history.
Real fear of not making enough to pay the bills, not having
security in your
old age, of having to get another job in a time when jobs are hard to
come by.
This could
come from investments, Canada Pension Plan,
Old Age Security, or any other source - as long as it's completely passive.
A further complication to consider is that while dividend income is taxed favourably, it hurts you when it
comes to income - tested government benefits such as the
Old Age Security clawback.
The Liberals had said during the campaign that they had no plans to count withdrawals when it
comes to income testing for programs like
Old Age Security or the Guaranteed Income Supplement.