Understanding the OAS Clawback

Seniors don’t take kindly to the clawback of their OAS (Old Age Security) especially in these inflationary times, but this can happen, especially if there was an unusual receipt of income during the past calendar year.  Here’s what you need to know to explain the consequences for 2025 and 2026:

If you’re able to join us in Kelowna on Sunday, November 5, you won’t want to miss our visit to the beautiful and unique Summerhill Pyramid Winery! It’s the largest certified organic vineyard in Canada and was named “Canadian Wine Producer of the Year” in 2009 by the International Wine & Spirits Competition in London, England.

Calling all newcomers, young up-and-comers, career-changers and passionate-for-learning-retirees! Summer is a great time to go back to school and pick up a new skill that will provide you with a new income stream and a new sense of pride.

Laramie Tan-Amit, has gained confidence in her role as a Professional Tax Practitioner and Bookkeeper

Happy 150th Birthday, Canada! We at Knowledge Bureau will be taking some time on this extra-special July 1 long weekend to celebrate Canada’s sesquicentennial, so just for fun, we thought we’d take a look at some financial highlights of the last 150 years.

The prescribed interest rates set by CRA for the third quarter of 2017, July to September, have followed recent trends: there are no changes for the period except for a new 4.47% rate on an election made by foreign corporations regarding PLOIs, Pertinent Loans Or Indebtedness.

On June 22, 2017, Budget Implementation Act, 2017, No 1 received Royal Assent and is now law.