News

All items tagged with: OAS

Should OAS be deferred?

Posted: December 16, 2014 By: Walter Harder
Posted in: Breaking News , OAS, CPP income

This is a continuation from last week's article, "Are You Planning Retirement for your Clients?"

OAS Benefits Increase to $563.74

Posted: October 01, 2014
Posted in: Breaking News, Investment & Retirement, Tax Planning , OAS

Employment and Social Development Canada announced today the quarterly amounts for Old Age Security (OAS) benefits for October to December 2014 will increase from $558.71 to $563.74 for each of October, November and December, bringing the total OAS benefit for the year up to $6,676.59. 

Evelyn Jacks: How to Postpone Your OAS

Posted: September 24, 2014
Posted in: Strategic Thinking, Investment & Retirement, Tax Planning , retirement planning, OAS deferral

As of July 2013, OAS recipients can elect to defer taking their OAS pension for up to five years. This would provide for a larger pension then.

Seniors Get a Raise

Posted: July 10, 2014
Posted in: Breaking News, Tax Planning , OAS, old age security

Old Age Security and the Guaranteed Income Supplement are indexed quarterly based on changes to the consumer price index. As of July 2014, the amounts are increased by 1.28%.

Year End Planning with OAS Benefits

Posted: September 30, 2013
Posted in: Strategic Thinking, Think Tank, Investment & Retirement, Tax Planning , OAS clawback

In the final three months of 2013, seniors will receive an inflation-adjusted increased OAS benefit of $550.99 per month, which makes the total annual OAS benefits a total of $6,578.06.