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New budget for Canada

The Canadian government released their new budget on March 30. The penny is gone! Apparently this will not affect debit or credit transactions, but everything paid for in cash. However, the big news for Tightwad is that they raised the age at which you can collect OAS - Old Age Security - up from age 65 to 67. Adjustments will begin in 2023. For people under 50 this is a big HELLO! and a strong reminder that we need to take even more personal responsibility for our own retirement. Luckily, we have lots of lead time.


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