Source: www.cra-arc.gc.ca and www.canada.ca If you have any questions about these government benefits and limits, please contact June Smyth at 416-863-9159 ext 233. […]
2024 Government Benefits & Limits – A Quick Reference
Category: Old Age Security Benefita
Changes to Manitoba Legislation coming into effect
On October 1, 2021, amendments to The Pension Benefits Act and Regulations (Manitoba) came into effect and some of the highlights are shown below: Statement of Investment Policies & Procedures (SIP) Annual filing of the latest SIP is now required within 180 days of the end of each fiscal year of the plan. Previously, the […]
2022 Government Benefits & Limits – A Quick Reference
Source: www.cra-arc.gc.ca and www.canada.ca 1 For Spouse of Allowance recipient, the Allowance stops being paid at $36,048 while the GIS stops being paid at $46,656. Note: Pensioners with an individual net income above $81,761 must repay all or part of the maximum OAS pension amount. The repayment amounts are normally deducted from their monthly payments […]