OAS Clawback

High income seniors must pay back all or a portion of their OAS if their annual income exceeds a certain amount. If 2012 net income before adjustments is greater than $69,562 ($67,668 for 2011) then you will have to repay 15% of the excess over this amount, to a maximum of the total amount of OAS received. For more information, see the Human Resources and Social Development Canada (HRSDC) web page Repayment of OAS Benefits. Use our Income Tax Planning Calculators to determine if your OAS will be “clawed back”.

Low-income seniors living in Canada, who are receiving (or are eligible to receive) the Old Age Security Pension (OAS) may also be eligible to receive the Guaranteed Income Supplement (GIS).

To contact Service Canada re Old Age Security questions, see the Service Canada Contact Income Security Programs web page.

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