Government Pensions
Question:
Your calculations for the amount of Canada Pension and Old Age Security which I will receive increase dramatically over the years. What is the basis for these annual increases? Is there any provision made for Claw-Back of Old Age Security Payments in years when total income is above the limit?
Answer:
CPP and OAS increase annually by the rate of inflation you selected, unless you left the default value, which is 2.5%. Clawback is applied in the calculations and is reflected in the income tax column of the results. .
Your calculations for the amount of Canada Pension and Old Age Security which I will receive increase dramatically over the years. What is the basis for these annual increases? Is there any provision made for Claw-Back of Old Age Security Payments in years when total income is above the limit?
Answer:
CPP and OAS increase annually by the rate of inflation you selected, unless you left the default value, which is 2.5%. Clawback is applied in the calculations and is reflected in the income tax column of the results. .
posted by Apeiron Software at
9:46 AM
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