Government of Canada Skip all menus (access key: Z) Canada Wordmark
Français Contact Us Help Search Canada Site
Home What's New About Us Site Map About Canada
 
Spotlight
Seniorsinfo.ca  is a joint initiative of a national project, the Collaborative Seniors Portal Network, lead by Veterans Affairs Canada and the Ontario Seniors Secretariat.

Seniors Canada On-line

Seniors Canada On-line
Canada's Trusted Information Source for Seniors, Caregivers, Families and Service Providers.

Home / Message Board / Seniors Networks
 

Loss of OAS pension


I took early retirement from CN in 1991. I was offered the "integrated pension" which included an extra $110.00 per month for the ten years until I would be 65. I thought this was an incentive to take retiremnt at 55. However, I was devastated to learn that the day I turned 65,my cn pension was reduced by $443.00 per month (the amount of the OAS monthly payment) for the rest of my life! For the approximatey $12,000 I received over that ten year period from CN,I will repay $53,000 and over $100,000 if I live to be 85! Can anyone advise if I can at least claim any of this money as a tax deduction or get any sort of tax credit? Any comments or advice would be appreciated. Thank you.
Posted at 2004-01-17 08:23

Hello,

For your specific situation I would recommend that you contact the Government of Canada toll-free service line at 1 800 O-CANADA (1 800 622-6232 - (TTY-TDD: 1 800 465-7735) or by e-mail at seniors-aines@communication.gc.ca

For reasons of security and privacy, do not to send any personal or confidential information, such as your social insurance number, home or business address, or departmentally-assigned case or file numbers.
Posted at 2004-05-18 11:41

Reply to this Post
Create a New Discussion Create a New Poll


Last Modified: 2006-03-01 Return to Top Important Notices