FINANCIAL PLANNING > Retirement Plan > Government Benefits

OAS

  • Eligibility based on Canadian Legal Status and Residency requirements (minimum of 10 years and maximum of 40 years) at age 65
  • Monthly taxable maxmium benefit is $596.67
  •  15% Claw Back @ $73,556 to $123,302 for 2017 income year (annual net income)
  • Indexed quarterly for inflation