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    terrylamb12
    New Member

    Is was repayment calculated on total income or net income?

    OAS repayment
    posted
    ‎April 25, 2022 2:48 PM
    last updated ‎April 25, 2022 2:48 PM
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    Shane27
    Level 3

    Is was repayment calculated on total income or net income?

    Old Age Security (OAS) repayment is based on your net income.

     

    For more information, please read this page from Canada Revenue Agency (CRA): Old Age Security pension recovery tax 

     

    Thank you for choosing TurboTax.

    ‎November 17, 2022 5:20 PM
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