A couple of years back I was presenting a Cross-Border webinar in which I discussed the Canadian Old Age Security (OAS) benefit. A few minutes after the webinar, a lady called me in a panic. She was 70 years old, recently retired, and was told by her Canadian financial advisor that she didn’t qualify for OAS because she didn’t have 20 years of Canadian residency.
During our short discussion, we determined that she should be eligible for about a C$315 per month benefit. She was almost in tears to learn about an extra C$315 per month that she could expect. A year later, she called me to let me know that because of my webinar, she just received a C$3,500 check for OAS backpay and would start collecting C$315 per month going forward. She was ecstatic.
In this video, we discuss the following:
– The basics of OAS
– Qualifying for OAS
– 2 big misconceptions about collecting OAS
– Starting your OAS benefit as a U.S. resident
Click on the picture below to start the video.
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