OAS Clawback It's Not a Cliff Here's How It Works

Описание: The OAS clawback, officially the OAS recovery tax, starts when your net income goes above a yearly threshold: $93,454 for 2025 income. Above that, you repay 15% of the extra. Here's how it's calculated, how it's collected, and what legitimately changes the math, with sources from canada.ca and the CRA.

In this video: 0:00 The clawback isn't a cliff 0:45 What it is and who pays 2:30 Quiz #1 2:30 The math, step by step 4:15 How it's collected 5:30 What counts as income 6:45 Quiz #2 6:45 What can change the math 8:45 Hardship and a quick checklist 10:00 Quiz #3

Sources: canada.ca, Old Age Security pension recovery tax; canada.ca, Repayment of Old Age Security pension; CRA, What is a TFSA; CRA, Pension income splitting. Thresholds are for income year 2025 (payments July 2026–June 2027). The 2026 figures are estimates until final. Check canada.ca for the current year.

This channel breaks down Canadian retirement (CPP, OAS, GIS, RRSPs, RRIFs, and TFSAs) in plain English, no jargon, no sales pitch. Just the numbers and how they actually work.

⚠️ This is educational content, not personalized tax or financial advice. The examples are illustrations. Your own repayment depends on your net income, which a tax professional or the CRA can calculate.



#OAS #OASClawback #CanadianRetirement #RetirementTax #OldAgeSecurity