For example, for income year 2023, the threshold amount is $86,912. If your income in 2023 was $120,000, then your repayment would be 15% of $33,088 (the difference…
Read more OAS payment dates in 2024, and more to know about Old Age Security – MoneySenseCanada Pension Plan (CPP) deferral: CPP deferral is worth considering for any healthy senior in their 60s. If you live well into your 80s, you may collect more…
Read more Single, no pension? Here’s how to plan for retirement in Canada – MoneySenseIt’s got to be your decision. To help you decide, I will give a quick review of why purchasing insurance makes sense and the two types of insurance…
Read more Should seniors cancel their life insurance policies? – MoneySense
