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.
Disclaimer:
"This article provides information of a general nature only. It may no longer be current. It does
not provide legal advice nor should it be relied upon. If you have specific legal questions you
should consult a lawyer."
David J.Rotfleisch, C.A., J.D.
Tax And Business Lawyer,
David J. Rotfleisch, C.A., J.D.
Rotfleisch & Samulovitch Professional Corporation
Barristers & Solicitors
2822 Danforth Avenue
Toronto, Ontario
M4C 1M1, PH :- 416-367-4222 Fax 416-367-8649
