Downsizing in decimated Alberta housing market the key to securing this senior’s retirement

In Alberta, a woman we’ll call Sarah, 66, is a health-care administrator working in a private facility. She earns $5,500 per month from her job and adds $614 from Old Age Security and $1,058 from the Canada Pension Plan for total income of $7,172 per month before tax. After 20 per cent average-income tax and a $900 bite from the OAS clawback that starts at $79,054 per year, she takes home $5,200 per month. Read More

from Personal Finance – Financial Post

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create your website at
Get started
%d bloggers like this: