Some of the ways OAS can affect your retirement income

Figuring out your income when you retire can be difficult.  There are tons of books and articles that seem to offer easy to follow recipes about how to manage the multiple sources of your income in retirement.  There is, however, no simple cookie cutter solution for everyone. How you manage your income will be unique to your needs and your situation.  To complicate matters, the way you need to manage your income may change over time.  You may find that the amount of income you need may grow or even decrease as you get older or you may want to increase your tax efficiency, for example.

The short video below from TD, answers a couple of common questions surrounding CPP & OAS and offers a few strategies that may be right for your situation.  However, please seek professional advice before making any changes.

Managing the OAS clawback

I am happy to discuss your retirement situation with you, if that would be helpful.  You can call, email, or message me.

Thanks, Chris