Taking Back Your Old Age Security
Many Canadian taxpayers spend most of their lives working hard to accumulate sufficient savings to permit them to live a comfortable lifestyle during their retirement years. At age 65, when they can start benefitting from Canada’s social programs, they often find themselves with an effective marginal tax rate of 50% on their taxable income. When combined with the Old Age Security (OAS) recovery tax, rates can reach 55%.
Sylvain Campeau
Apr 15, 2015