Sunday, September 2, 2012

Government Pensions

7:53 PM


Your calculations for the amount of Canada Pension and Old Age Security which I will receive increase dramatically over the years.

What is the basis for these annual increases? Is there any provision made for Claw-Back of Old Age Security Payments in years when total income is above the limit?


CPP and OAS increase annually by the rate of inflation you selected, unless you left the default value, which is 2.5%.

Clawback is applied in the calculations and is reflected in the income tax column of the results.


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