Questions? Call 416-367-4222

Clawback of OAS

Clawbacks of the age exemption, which reduces your Canadian income taxes, start at $31,254 at a rate of 15%. If an individual over 65 earns over $64,718 a portion of the Old Age Security at a rate of 15% is taken back.


"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

Get your CRA tax issue solved

Address: Rotfleisch & Samulovitch P.C.
2822 Danforth Avenue Toronto, Ontario M4C 1M1

Clawback of OAS
Why File Tax Returns: Canadian Tax Lawyer's Guidance
Why File Tax Returns: Canadian Tax Lawyer’s Guidance
A Private Corporation that is Going Public Should Pay Out Certain Canadian Income Tax Accounts
A Canadian tax lawyer’s perspective on the functional currency election
There Could Be New Tax Rebates for Families
Change In Control Corporation
Tax refunds
Self Employed Tax Return Filing Deadline
Tax Planning for Lower tax rate for CCPC