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The 7 best student credit cards in Canada for July 2023 + MORE Jul 10th
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The 7 best student credit cards in Canada for July 2023
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Ready to Join the PWL Capital Toronto Team? Mar 11th
Are you a follower of this blog with experience in the financial services industry? Have you ever considered working alongside our team at PWL Capital Toronto? We’re looking for a new Portfolio Manager Assistant to join our support team. Position Summary This position is ideal for a career-ori.... More »
Should you withdraw from non-registered or TFSA investments in retirement? + MORE Mar 8th
Ask MoneySense
I have stocks in my TFSA as well as some that are non-registered. I am at the point in my life (retired) now that I’d like to begin selling them and using the money. Do I sell from the TFSA account or just from the non-registered portfolio?—Catherine
TFSA versus non-registered.... More »
US Tamiflu Shortage Blamed on Buyers Failing to Stock Up Before Flu Season - BNN Bloomberg Jan 11th
US Tamiflu Shortage Blamed on Buyers Failing to Stock Up Before Flu Season BNN Bloomberg.... More »
EQ Bank review 2021 + MORE Apr 29th
Table of contents
Who is EQ Bank?
EQ Bank—quick review
How to make deposits and access funds with an online EQ Bank account
What you need to know about the EQ Bank Savings Plus high-interest savings account
GICs at EQ Bank
How EQ Bank’s international money transfers, powered by Wise, work
What.... More »
When to watch out for OAS clawbacks
– moneysense.ca
Beware of the clawback!(Shutterstock)Q: I have been trying to find out how much extra income a person can earn without having to report the income while drawing OAS and CPP.
I have tried looking this up online, but every site I have been to wants to charge me just to get the answer or does not answer my question and ends up talking about other things.
I just need to know the limit they are allowed to earn before they need to report it.
—Marcella
A: By default, Marcella, you should assume that most income sources are taxable and need to be reported on your tax return. There are a few exceptions, like GST/HST credits, Canada child benefits, lottery winnings, gifts, inheritances, post-secondary scholarships for full-time students, and Tax Free Savings Account (TFSA) withdrawals.
Ask a Planner: Leave your question for Jason Heath »
There are also amounts that may end up being tax-free, like if your income is low, or if you have lots of tax credits, or on the sale of certain types of assets, like a business or farm…
