As more Canadians continue working past traditional retirement age or return to the workforce for financial or personal reasons, understanding how working while receiving a pension impacts your income has never been more important. Whether you’re receiving Canada Pension Plan (CPP), Old Age Security (OAS), Guaranteed Income Supplement (GIS), employer pensions, or private retirement savings, Continue reading
OAS Clawback 2025
3 New CRA Red Flags That Could Reduce Your OAS in 2025: What Every Canadian Senior Needs to Know
Canada’s Old Age Security (OAS) program has been a cornerstone of retirement planning for millions of seniors. However, in 2025, the Canada Revenue Agency (CRA) is cracking down on specific issues that could trigger a reduction—or even a complete clawback—of your OAS payments. Missing just one detail could mean losing hundreds or thousands of dollars Continue reading
OAS Clawback 2025: 5 Red Flags That Can Trigger a Repayment and How to Avoid Them
The Old Age Security (OAS) Clawback, officially known as the OAS Recovery Tax, is a mechanism by which the federal government recovers part or all of the OAS pension from higher-income seniors. For 2025, the clawback applies to Canadians whose net world income exceeds $81,761. Seniors who surpass this threshold may see a reduction in Continue reading
OAS Clawback Red Flags 2025: 3 Key Reasons Why the CRA May Reduce or Suspend Your Old Age Security Payments
Old Age Security (OAS) is one of the most important retirement benefits for Canadians aged 65 and older. However, many seniors are caught off guard when they see their monthly OAS payments reduced or suspended by the Canada Revenue Agency (CRA). This reduction, also known as the OAS Clawback or OAS Recovery Tax, is triggered Continue reading