retirees | Quarry Wealth Management

Steps to Avoid the OAS Clawback

by Quarry Wealth | Mar 1, 2019 | blog, pension plan, retirees, RRSP, tax free savings account

According to the Canadian government website, Old Age Security is the largest pension program in Canada. OAS pays a monthly income to seniors who are age 65 and over. The amount of the payment is not based on past income but rather how long you resided in Canada after the age of 18. If you have turned...

Canada Pension Plan – Should You Take it Early?

by Quarry Wealth | Dec 2, 2018 | blog, pension plan, retirees

New Rules governing the Canada Pension Plan took full effect in 2016. Under these rules, the earliest you can take your CPP Pension is age 60, the latest is 70. The standard question regarding CPP remains the same – should I take it early or wait?