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Sarah is 67 and earning all her income in the lowest tax bracket. She has not yet started withdrawing money from her significant RRSP, which holds $800,000. When should she start? How much should she take into income?
When a taxpayer's income falls into a clawback zone, a portion of a social benefit like OAS or EI must be repaid.
Canadian National Railway Company v McKercher LLP and Gordon Wallace, 2013 SCC 39
Self-employed taxpayers who are receiving a CPP retirement pension must continue to contribute to CPP until they are at least 65.
The rules differ for spousal and child support, as explained below.