I neglected retirement planning almost to the last minute. I have some RSP savings but certainly not enough. My TFSA gets maxed every year and is doing reasonably well. Due to the previously mentioned neglect and disinterest I have a lot of accumulated RSP room. My plan is to leave my job at mid year, having turned 65 the previous year. At tax time, I will make an RSP contribution large enough to bring my total income for the year of my retirement to zero. This would qualify me for a monthly max GIS payment tacked on to my OAS, a strategy I can continue until I use up all my RSP room. My question is, would I also qualify for retroactive GIS for my entire retirement year? Technically, I'll be a destitute senior for that year so I would think so.
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