If you’re in a situation where you could be losing some of your OAS benefit, you may want to consider the following strategies to help minimize your loss. In our most recent blog post, we outline 8 strategies on how to minimize OAS Clawback. Please always consult us prior to implementing any of these strategies to ensure this makes sense in your situation.
- Before age 65, use some of your RRSPs
- Income Splitting
- Defer Old Age Security
- Tax Efficient Non Registered Investments
- Tax Free Savings Account
- Dividend Income
- Leveraged Investing
- Capital Gains Dispositions after age 65