OAS (Y/N): To include OAS benefits in your client’s cash flow calculation, select “Yes” from the drop down.
% of Maximum: Enter the percent of maximum to be received. Any clawback of OAS benefits will be calculated automatically based on the projected income of your client.
Start At: Enter the age at which your clients expect to begin receiving OAS, or if they are already receiving, enter the age they began receiving. You can select “Retirement” automatically by clicking on the field and selecting it from the drop down. You can also choose to enter another age by selecting “Age” and entering a specific age between 65 and 70.
Index (% Inflation): If you expect OAS income to increase year or year, enter this increase as a percent of inflation. For example, if inflation is entered at 3% and you enter 50% in this field, the software will assume an increase of 1.5% per year. This setting will always be the same for both the client and spouse.
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