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 Income Threshold 2025
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