Category Archives: Government Benefits

Understanding the OAS clawback

A client asked me recently whether he should be concerned about keeping his income low in his 64th year, because he understood that the OAS clawback was based on his income in the previous year. I’ve been asked this question before, so I thought it might be a good subject for this month’s article.  What

Understanding CPP sharing

What does CPP pension sharing mean? First of all, it’s important to differentiate between CPP “pension sharing” and CPP “credit splitting” (officially known as Division of Unadjusted Pensionable Earnings or DUPE). Pension sharing is a temporary sharing of CPP retirement pension benefits between spouses in an ongoing relationship, whereas a DUPE is a permanent splitting