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Seniors and students
As per our TurboTax article Tax Credit For Seniors In Canada: Making the Most of your Tax Return:
If your income exceeds a certain amount ($79,845 for 2021), you may need to repay some of your OAS pension back to the government. This is known as the OAS Pension Recovery Tax, or OAS Clawback. This threshold amount changes each year.
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‎April 27, 2022
10:23 AM