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canada seniors money · Inner Circle · Issue #379-min read

The OAS Clawback Nobody Warned You About (And How to Get Some Back)

If your income crept over a certain line last year, the government quietly began holding back part of your Old Age Security — and most folks never notice until the letter arrives. The good news is there are a few legal ways to lower the income number they actually count, from timing your withdrawals to splitting pension income with a spouse. Start with this: the first thing to check is which of your income sources they include, because one of them can often be shifted so...

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