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u 0WATEMIX)W'MWS.ZOIZ The facts about Old Age Security Pensions and retirement What's the Old Age Security whether you have worked or never Maximum monthlybeneflt OAS is an important source of Pension all about? worked. \. l . .» 1 The maximum monthly OAS retirement incomewbut it is only Some retirees see it as a golden ‘ \‘ I‘ ‘ \‘ benefit is $540.12. it's reviewed one component of your overall ' age perk. For others. it's a vital You have to apply \ H )\l \ each quarter against the Con- retirement and financial plan. addition to their retirement You must apply to receive OAS sumer Price index and adjusted as Talk to your professional advi- Int‘t)me_ and you're eligible if you are 65 or necessary to keep up with cost of sot about OAS and other benefits Whether you're 65. 55 or over and have lived in (‘anada for living increases. available to seniors such as the younger. you‘ve probably heard at least to years after turning is. 1 Guaranteed income Supplement. .. about Canada's Old Age Security Apply for OAS six months It‘stanblelncome theAiiowance ortheAliowance for Pension. before you turn 65 using an appli- > An OAS pension is taxable Survivorâ€" as well as how to make It's beeninthe newsalot lately cation kit available at Service income. Each tax year. you'll the most of your retirement because the 2012 federal budget Canal-Centres or their website. twelve a T4-OAS information slip income for all your retirement included proposals to increasethe to complete your income tax years ()ASeiigibilitydatefrornsgeGSto mucus-amass return. age 67. if you are approved, you’ll However. those budget propos- receive your OAS pension psy- RUSS Than-em als will not affect your eligibility ment during the month after your DREAM Beware the OAS clawback! lt date ifyou were born prior to April 65th birthday. the month afieryou kicks in when your yearly net 1958. meet the requirements. or during legal resident in Canada for at income hits $69,562 and requires “. Herc-it more basic OAS info: a month of your own choosing. least 40 years after age is. you to repay part of your OAS ben- m . . . depending on which month is the if your Canadian residency is eflt at a rate of 15 percent for each column ”W by OAShdpsbtdld latest. less than 40 years, you may be dollar in excess ofthat threshold. “W‘ i from! ”m" mt income approved for a partial pension. with a full clawbeclr at an annual W. OAS is one or the resources on Yeah-venom with the amount calculated and income level of Si 12.772. “mmmflwsl‘mmmmm which to build your retirement Gandhi-citing prorated on how many years of OAS income thresholds are 51mm ext. 2 41 to income. it is available to most You are eligible to receives lull Canadian residence you have adjusted annually. nus ’ hi8; Canadians aged 65 or older OAS pension if you have been a between IOand40years um Maste ind To 3 opens ne Waterloo retail location this fall Mastermind Toys is growing Founded more 27 years ago by will feature large stroller-friendly andapprecta‘ te. the thnw' 'ng Waterloo community â€"- again. brothers Andy and lonathan bevy. aisles. clear sightlrnes' and a bright All of these features will be com- and are committed to delivering a As part of a strategic expansion Mastermind Toys currently oper- and colourful atmosphere that is plemented by a team of knowl- new level of fun and excit‘ ement for program. (ana‘ da's leading‘ spectal' - ates across Southern and South- charactensuc' ' of all Mastermind toy edgeable, friendly and handsâ€"on Waterloo toy-lovmg' fanuii’ a" ty toy retailer has announced a new western Ontano.’ stores toy experts. ' Mastermind Waterloo is cur- storc will open in Waterloo at 405 Both in-store and online. at Mastermind Waterloo will also ‘Masterrntnd' ibys isoommitted rently hum' ' gfornewpositions. King St. N.. at the corner of King www.mastermindtoys.com. Mas- feature hundreds of fabulous toy to opening new stores in the but To apply go to employ- tmd Weber Street. termind carriesadistinct collection lines. an expansive children’s book locations across Ontario." said ment@mastermindtoys.com and When its doors open this fall. of over 10.000 educational and fun section. complimentary gift wrap lonathan levy. chief move ofii~ submit a resume. Put Waterloo lht‘ Waterloo store will mark the toys, books. games. ans and crafts. and a variety of fun. value-added ccr and co-founder of Mastermind Sales Stafi' in thesubject line. 16! h Mastermind location in males and science kits promotions that Mastermind cus- Toys For store updates. go to Master- ()ntario. The new 5,400 square-foot store tomers have come to know “We are thrilled to be a pan of mindroyscomlNewStores Ltbro Fmancral Group prov1des fundlng for two local community development proiects l.ibro Financial Group recog« youth in developing career and ers. while the Business 8: Educa- Financial Group's board of direc- across southwestern Ontario each lilll‘d 25 youth at an awards cere- lcadership skills by participating in tion Partnership of Waterloo tors. ”By supporting youth. year through its Community ‘ mony last week for their leadership community development projects. Region received $5.700 for its through the Community Builder Builder Program. which provides and dedication to the community. Two of those projects were in ZOOM Career Day, focusing on Program. the community becomes youth, up to the age of 25. l'en students were awarded Waterloo Region. business and entrepreneurship. their focus. and together we all an opponunity to develop leaderâ€" scholarships. and is were awarded locally. lunior Achievement of "Contributing to the communi~ benefit." ship and career skills through par- 3 grams, through libro's Community Waterloo Region received $5.000 ties we serve is important to Libro invests five per cent of its ticipation in community develop- . Builder Program. which supports for its Achievers Teaching Achiev- iihro." said Rick loyal. chair. Libra profit back into communities ment. V 1 ( . Term Deposit Special w \ * > . \ min/M ~ SH l 90% ' L ~ “”1 " d as M I ‘ i' w- va- v ; f - MMWMDMT a n . "’"“""'y, l I s may serum 51-4.- . 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