Fight the clawbacks - reduce line 23400Submitted by Rounthwaite Wealth Management on March 18th, 2021
Structuring your income sources can make a difference!
It's important to look at ways to reduce reported income. Canadians age 65 and older may qualify for many valuable government benefits such as Old Age Security and the Age amount credit. However, if the income reported is too high, these benefits can be clawed back and, in some cases, forfeited altogether. Read the article below and learn how to help reduce the clawbacks and keep more money.