The Dirty Little Secrets of the Canadian Pension Plan PART 2 | AVOID the Old Age Security Clawback with THESE Strategies
Control and Compound with Darren Mitchell · Control and Compound Financial | BNV Media
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Show Notes
You asked and we delivered! On today's episode, Darren and Christina are revisiting our most popular episode on YouTube and answering some of your questions on the Canadian Pension Plan and Old Age Security. If you enjoyed the last episode, you need to check this one out! We clarify some of the things we went over and dive deeper into the subjects. Tune in now!
Show notes:
00:00 - Introduction
3:25 - Is there a clawback with the Canada Pension Plan?
4:50 - What is the Old Age Security clawback?
8:00 - How does the CPP death benefit work?
11:20 - What is CPP disability and how does it work?
15:50 - Why does OAS clawback happen on July 1st?
18:15 - Strategies used to avoid OAS clawback
20:50 - Advantages of income splitting
23:45 - Drawing down RSPs before starting OAS
27:45 - Capital gains breakdown
30:35 - The BEST advice to avoid OAS clawbacks
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