Canada old Age Security-British social security number
Oct 16th 2022 | 7:36 pm
#1
Thread Starter
Forum Regular
Joined: Mar 2005
Posts: 253
Canada old Age Security-British social security number
please say why in the Canadian application of Old Age Security (OAS), they ask for the British social security number while the British applicant lives now in Canada.
the applicant has not visited UK since he became a Canadian Citizen in 2011.
if it is for tax purposes, please tell us how does it work? and
how much he should expect in OAS knowing that he has not filled yet for his UK pension when he is used to work in London
thank you.
the applicant has not visited UK since he became a Canadian Citizen in 2011.
if it is for tax purposes, please tell us how does it work? and
how much he should expect in OAS knowing that he has not filled yet for his UK pension when he is used to work in London
thank you.
Oct 17th 2022 | 3:30 am
#2
Oscar nominated
Joined: Jan 2008
Posts: 55,309
From: Moncton, NB, CANADA
Re: Canada old Age Security-British social security number
Generally...
The tax issue is relevant in that if UK pension is taxed in the UK, then Canada doesn't tax it a second time.
The Full OAS at age 65 is $685.50 monthly if income is under $129k. But that's only where someone has been in Canada 40 years.
You said he became a Canadian Citizen in 2011 but for OAS purposes, actual residency in Canada counts.
If you calculate how many years he's been in Canada, that period, will give you a rough idea of OAS level. For example if he's been in Canada for 15 years, has less than $129k income, then OAS would be around 15/40 of $685, so around $257 a month.
This then raises the possibility of Guaranteed Income Supplement (GIS) in addition to OAS. Income rules are different for that and the possibility of a UK pension at age 66 (you said in the other thread he was 65 last year) would affect any award. Having the UK National Insurance Number will enable them to check.
The tax issue is relevant in that if UK pension is taxed in the UK, then Canada doesn't tax it a second time.
The Full OAS at age 65 is $685.50 monthly if income is under $129k. But that's only where someone has been in Canada 40 years.
You said he became a Canadian Citizen in 2011 but for OAS purposes, actual residency in Canada counts.
If you calculate how many years he's been in Canada, that period, will give you a rough idea of OAS level. For example if he's been in Canada for 15 years, has less than $129k income, then OAS would be around 15/40 of $685, so around $257 a month.
This then raises the possibility of Guaranteed Income Supplement (GIS) in addition to OAS. Income rules are different for that and the possibility of a UK pension at age 66 (you said in the other thread he was 65 last year) would affect any award. Having the UK National Insurance Number will enable them to check.
