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Level 2
posted Jan 28, 2022 3:41:45 PM

I am a Canadian citizen and is living in Canada, do I need to pay the OAS clawback tax if my income is higher than the threshold?

Hello,

 

I understand there is a  OAS clawback tax threshold, I am a Canadian citizen and living in Canada, do I need to pay the OAS clawback tax if my income is higher than the threshold? Or the OAS clawback only applies to non-resident or citizen living outside of Canada?

 

Thanks.

 

 

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1 Best answer
Moderator
Jan 29, 2022 11:31:32 AM

Unfortunately, anyone who receives OAS (Old Age Security) may have to repay it if their income has gone above the income limit ($79,845 in 2021). This Canada Revenue Agency (CRA) page has more information: Repayment of Old Age Security pension

1 Replies
Moderator
Jan 29, 2022 11:31:32 AM

Unfortunately, anyone who receives OAS (Old Age Security) may have to repay it if their income has gone above the income limit ($79,845 in 2021). This Canada Revenue Agency (CRA) page has more information: Repayment of Old Age Security pension