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:

We love sharing feedback from our recent graduates. This week we feature the success of Donald Bieber from Sherwood Park, Alberta, who recently graduated from the Tax Planning for Corporate Owner/Managers course.

Are you providing an evidence-based and unbiased determination of your clients’ risk profile? Unsure? Be sure to register for DAC 2016 to hear Shawn Brayman speak about why this is critically important.

It’s time for a little summertime R & R, so here’s how our publishing schedule will shake out: There will be no issue of KBR on July 6, 27, August 3 or 31. Enjoy the sunshine, because . . . Christmas is less than six months away!

"Find out who you are and be that person. That's what your soul was put on this Earth to be. Find that truth, live that truth and everything else will come." Ellen DeGeneres

Did you incur legal fees in order to collect money owed to you for severance, pension benefits or a retiring allowance? You may claim those expenses as Other Deductions on the tax return. But there are a few catches.

This week, Canada’s finance ministers met in Vancouver and agreed in principle to the expansion of the Canada Pension Plan (CPP) over a seven-year phase-in period, starting January 1, 2019. Higher contributions by workers and their employers will result. But will the revamped CPP be enough to provide for the retirement security Canadians need?