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Antoine will soon retire and expects to receive the following sources of income: i) $20,000 from his TFSA; ii) $54564 from his RRSP; iv) $51855
Antoine will soon retire and expects to receive the following sources of income: i) $20,000 from his TFSA; ii) $54564 from his RRSP; iv) $51855 from a defined benefit pension; v) $13905 from CPP; vi) $8,500 from OAS. If his income is in excess of $91,000, his OAS will be clawbacked 15 cents for every $1 above that threshold. What is his total qualifying income for purposes of determining whether he is over the OAS threshold? Round your answer to the nearest whole dollar
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