Quote:
Originally Posted by Slava
This sounds pretty solid....except that GIS is for low income seniors only, which for 2012 means less than $16,038. If any of my clients have $750k in an RRSP and want to "beat the system" by trying to get OAS and GIS (you can't get one without the other), I'd cheerfully explain why they've saved money for the past 40 years. $16k a year is nothing to live on by itself.
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BTW, for those interested, the current issue of MoneySense discusses GIS and best ways of "gaming" the system.