Last week, on March 14th, 2016, Canadians were pleased to learn that Prime Minister Justin Trudeau confirmed that OAS eligibility will return to 65.

Jessica Bruno of writes that the Conservatives’ plan would have increased the number of 65- and 66-year-olds living below the poverty line by 100,000 people, from 6% to 17% of that demographic, the researchers calculate.

This change back from 67 to 65 will affect the plans designed by financial advisors, for their clients.

“Those models are going to have to be adjusted to factor in that OAS and, if applicable, GIS, would be payable still at 65,” says Frank Di Pietro, director, Tax and Estate Planning, at Mackenzie Investments.

Call me today, if you have any questions concerning how this may affect your retirement plans.

OAS Eligibility will Go Back to Age 65!