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Implications of deferring UK pension on GIS in Canada
This is tax related but more about GIS.
OK I'm soon 66 and came to Canada a few years ago and didn't make many CPP contributions, so I get a tiny amount of CPP.
I get some OAS, but most of what I get is GIS.
I'm due my UK pension in Jan 2024 but have the option to defer it (and then later get a slightly higher pension).
Is it likely / possible that - if I did defer - Gov Can would say that as I was choosing not to take an income (ie by not taking my UK pension yet), my GIS would be reduced ?
Any thoughts ?
November 28, 2023
10:42 AM
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Seniors and students
Your Guaranteed Income Supplement amount depends on certain conditions as stated on the CRA website. Please visit this CRA website for further information or contact them directly at 1-800-959-7383.
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November 28, 2023
10:53 AM