This means that a retired couple can earn close to $100,000 in Canadian dividend income before they pay a dime in income tax! At lower income thresholds, that negative tax rate can actually help offset income tax owing from part-time work or CPP/OAS payments. ...
CPPmonthly distributions, which are taxable, can begin at age 65. The payment amounts depend on the premiums contributed to the plan and the age at which the individual begins receiving payments. On the other hand,OASmonthly payments are taxable and payable to Canadians aged 65 or older but ...