Many Canadians spend their working years doing exactly what they are supposed to do — maximizing RRSP contributions, sheltering income in a corporate structure and deferring tax to retirement. Far ...
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OAS clawback: How Canada’s retirement income recovery tax works — and how to reduce it
Picture this: It’s July, and a retiree checks their Old Age Security (OAS) deposit, expecting the usual amount. Instead, the OAS benefit payment is smaller than usual. After calling the bank and doing ...
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