Photo by Andrea Piacquadio from Pexels One of the perennial chestnuts of personal finance is that retirees, or near-retirees, can boost government-provided pension benefits by delaying them until age 70, instead of 65 years old. This applies to both the American Social Security system and Canada’s triad of Canada Pension Plan (CPP), Old-Age Security (OAS) and Guaranteed Income Supplement (GIS). OAS gets a 10% boost for those aged 75+
In addition to that simple benefit-boosting tactic, Ottawa further boosts benefits with regular inflation adjustments and rare budget-mandated increases. The 2021 Canadian federal budget promised to boost OAS payments […]
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