Sentences with phrase «collecting old age security»

If you're collecting Old Age Security, be aware that your additional interest income could raise your income to a level where a clawback of your benefits begins to kick in.

Then, at 65, the Minellis will begin collecting Old Age Security (OAS), which will amount to $ 1,100 (or $ 13,200 annually) for both of them for the rest of their lives.

But Malcolm Hamilton, a senior fellow at the C. D. Howe Institute, says raising the TFSA limit is a short - sighted election tactic that will lead to real problems 10 to 15 years from now, when the entire baby - boom generation will be collecting Old Age Security.

Both would make an expanded Canadian Pension Plan (CPP) compulsory and would reverse Harper's decision to have Canadians wait until age 67 to collect Old Age Security (OAS).

A few columns back I described how Service Canada reached out to me in plenty of time to collect Old Age Security (OAS) benefits once I turn 65 next year.

In 1986, when he turned 65, Egan began to collect old age security benefits.

Not exact matches

Tax deposits are collected by the Internal Revenue Service (IRS) and are formally entrusted to the Federal Old - Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund, the two Social Security Trust Funds.

Canadian dividends also receive a generous dividend tax credit that benefits low - income investors in particular: a retiree in Ontario whose only other source of income is the Canada Pension Plan and Old Age Security might be able to collect more than $ 20,000 a year in eligible Canadian dividends and pay no tax.

This is especially likely in the years before they qualify for government pensions like Old Age Security or the Canada Pension Plan, or if they are old enough to collect but choose to defer those benefits to perhaps their late 6Old Age Security or the Canada Pension Plan, or if they are old enough to collect but choose to defer those benefits to perhaps their late 6old enough to collect but choose to defer those benefits to perhaps their late 60s.

But she expects to rely on her investments to tide her over until she can start collecting her CPP and Old Age Security.

That will add an extra $ 200,000 to their nest egg and if they start collecting their Canada Pension Plan and Old Age Security then, they will likely have enough for a comfortable retirement.

At that point, he can also collect Canada Pension Plan and Old Age Security.

Watch out for the dreaded Old Age Security clawback once you've started collecting government benefits.

Be careful your annual leave doesn't exceed 182 days, because it could impact your eligibility to collect child tax benefits, employment insurance and Old Age Security — all due to a new border exit - tracking system the federal government is rolling out as part of the ongoing Perimeter Security Pact.