Planning for Retirement on a Low Income

Share on facebook
Share on twitter
Share on linkedin
Share on email

On Thursday Nov 4th at 6:00 PM, this free session from Toronto Public Library will walk you through special considerations when planning your retirement on a tight budget.

Topics covered include:

  • The importance of the GIS and how to minimize the amount of claw backs from other sources of taxable income
  • OAS and GIS eligibility for newcomers
  • What counts as taxable income and what does not
  • How income from an RRSP can reduce or claw-back benefits, while income from a TFSA which is non-taxable will not
  • When to apply for CPP and when to draw down from an RRSP
  • and, what’s new in 2021 such as the one-time $500 payment, 10% increase to OAS this fall if you are over 75, RRIF rates going back up and CERB claw backs


282 Wright Avenue,
Toronto, ON, M6R 1L5

Factor-Inwentash Faculty of Social Work
University of Toronto

Join CanAge for FREE

®2020 CanAge Inc. All Rights Reserved

You're Registered

Thank you for registering! Details will be emailed to you as soon as possible.

You're Registered

Check your email for more details. Thank you for signing up. We look forward to seeing you soon!

Thank You

By becoming a CanAge member, you’re adding your voice to our calls for change in protecting and improving the lives of older Canadians.

Know someone else who might like to join ?

share this with a friend

Share on facebook
Share on twitter
Share on linkedin
Share on email
Skip to content