OAS Clawback in 2026 | Know Your Income Threshold Now скачать в хорошем качестве

OAS Clawback in 2026 | Know Your Income Threshold Now

In this video, we break down the OAS Recovery Tax (OAS Clawback) for 2026 using official Government of Canada information. Learn exactly how much your Old Age Security benefits could be reduced if your net income exceeds the threshold, and discover real-world examples with actual dollar amounts. 📊 KEY TOPICS COVERED: ✓ What is OAS and how it differs from CPP ✓ 2026 OAS Clawback Threshold: $93,454 (for ages 65-74) ✓ 15% Recovery Tax Rate: How it's calculated ✓ Real Example: Margaret's case study with step-by-step calculations ✓ How CPP income affects your OAS clawback ✓ Income timing strategies and tax planning tips ✓ GIS (Guaranteed Income Supplement) connection ✓ Importance of filing taxes on time 💰 2026 CLAWBACK NUMBERS: Threshold (Age 65-74): $93,454 Threshold (Age 75+): $152,062 Recovery Rate: 15% of income above threshold Complete clawback amount: ~$152,000+ TRUSTED CANADIAN GOVERNMENT SOURCES: 🔗 Official Canada.ca - Old Age Security Recovery Tax https://www.canada.ca/en/services/ben... Official thresholds, income limits, and recovery tax calculations Updated annually for inflation indexing 🔗 Service Canada - Old Age Security (OAS) https://www.canada.ca/en/services/ben... Complete OAS eligibility and benefit information How to apply for OAS benefits 🔗 Service Canada - Canada Pension Plan (CPP) https://www.canada.ca/en/services/ben... CPP contribution information and benefit calculations How CPP affects OAS clawback 🔗 Service Canada - Guaranteed Income Supplement (GIS) https://www.canada.ca/en/services/ben... GIS eligibility and income thresholds Connection between OAS clawback and GIS benefits 🔗 Canada Revenue Agency - OAS Return of Income (T4155) https://www.canada.ca/en/revenue-agen... Official T4155 guide for OAS Return of Income How the CRA calculates OAS repayment amounts 🔗 My Service Account (Government of Canada) https://www.canada.ca/en/employment-s... Track your OAS payments and benefits online View your net income and clawback calculations 📞 CONTACT INFORMATION: Service Canada: ✓ Phone: 1-833-537-3840 (toll-free) ✓ Hours: Monday to Friday, 8:15 AM to 4:30 PM (Eastern Time) ✓ Visit: https://www.canada.ca/en/employment-s... Canada Revenue Agency (CRA): ✓ Phone: 1-800-959-8281 (toll-free in Canada and US) ✓ International: 613-940-8495 ✓ TTY: 1-800-665-0354 (toll-free) ✓ Visit: https://www.canada.ca/en/revenue-agen... ⚠️ IMPORTANT DISCLAIMER: This video provides educational information based on official Government of Canada sources. It is not legal or financial advice. For your specific situation, please consult with: A qualified tax professional or accountant Service Canada representatives A financial advisor familiar with Canadian retirement planning Always verify current information directly from official Government of Canada websites, as thresholds and rules are updated annually. 📌 VIDEO CHAPTERS: 0:00 - Introduction: Understanding OAS Clawback Fear 2:15 - What is OAS and How It Differs from CPP 4:30 - The 2026 OAS Clawback Threshold - Real Numbers & Examples 7:45 - Income That Counts & Strategic Planning to Minimize Clawback 10:20 - Chapter 4: Common Questions, Tax Filing Timeline & Closing Advice #OASClawback #OASRecoveryTax #CanadaPension2026 #RetirementPlanning #OldAgeSecurity #CPP #GIS #CanadianBenefits #RetirementIncome #TaxPlanning --- ABOUT CANADA PENSION NEWS BULLETIN: Canada Pension News Bulletin brings you clear, accurate information about Canadian retirement benefits including Old Age Security (OAS), Canada Pension Plan (CPP), Guaranteed Income Supplement (GIS), and retirement income planning strategies. We focus exclusively on official Government of Canada sources to ensure you get reliable, up-to-date information about your benefits. SUBSCRIBE for more videos on: ✓ OAS and CPP benefit changes ✓ Retirement income strategies ✓ Tax planning for seniors ✓ Government benefit updates ✓ Retirement planning tips 🔔 TURN ON NOTIFICATIONS to stay updated with the latest Canadian pension and benefits information. --- SOURCES VERIFIED: February 2026 All information sourced directly from official Government of Canada websites and publications. Links verified and current as of the publication date.