Are you just as confused about GIS, who qualifies, how it works and the clawbacks? Me too. This is why I spent some time learning more about it. In this post, I simplify what GIS is and how it works.
Do you have a savings account in a non-registered account? Did you get dividends from a private corporation? Chances are you received a T5. But what is a T5? How does it work? Why does it matter? I had the same questions so I wrote a post about it.
Keeping retirement investments in cash in early years is a huge mistake that compounds over time. Here, I do the math of what cash does to your retirement portfolio and compare it to a common strategy. There is also a calculator!
Everyone says to keep investing and not wait for a crash. But does that make sense? Well, yes, but read about why that makes sense. Oh, and there is a calculator that compares continued investments versus waiting for a dip.
Free 2026 Canadian drawdown calculator: test three withdrawal strategies to maximize CPP, OAS and GIS, avoid the clawback, and find your earliest retirement age.