In Canada, the current 2026 income-year threshold is $95.3K; once net income moves above it, senior benefits shrink in the next payment cycle.
A 71-yr-old with a $1.5M registered income fund could face ~$79.2K mandatory withdrawals; add public pension and senior benefits, and income tops threshold.
Other sources count: corporate dividends, capital gains, rental income, and the benefit itself all count toward net income, so multiple retirement streams can stack quickly.
Tax-free account withdrawals do not count as income. Eligible Canadians had up to $109K contribution room in 2026, making this a key clawback shield.
Planning before 71 matters: model withdrawals, consider earlier registered-plan drawdowns, pension splitting, and income timing from a private corporation to help stay below threshold.
