Tag: oas

Old Age Security Pension Clawback

By Liz O'Dowd on October 26, 2012 Comment Bubble Leave a comment

High income seniors must pay back all or a portion of their OAS if their annual income exceeds a certain amount. If 2012 net income before adjustments is greater than $69,562 ($67,668 for 2011) then you will have to repay… {Read more}

Guaranteed Income Supplement for Seniors

By admin on January 24, 2012 Comment Bubble Leave a comment

The Federal Guaranteed Income Supplement (GIS) is available to low-income seniors living in Canada, who are receiving (or are eligible to receive) the Old Age Security Pension (OAS). An application must be filed to receive this supplement – it is… {Read more}

Blog Categories