OAS Clawback 2026 | New $93,454 Income Limit Explained скачать в хорошем качестве

OAS Clawback 2026 | New $93,454 Income Limit Explained

If you received a letter from the Canada Revenue Agency saying your Old Age Security will be reduced — or if you have heard that there is a new income limit for 2026 and you want to understand what it means for your pension — this video explains everything clearly and calmly. The OAS clawback is one of the most misunderstood parts of the Canadian retirement system, and it causes real worry for seniors who do not have all the facts. This video walks you through exactly how the OAS Recovery Tax works in 2026, what the new $93,454 income threshold means, who it actually affects, and how the monthly deduction is calculated. Most importantly, it helps you figure out whether this rule applies to your situation at all — because for the majority of Canadian seniors, it does not. What this video explains: • What the OAS Recovery Tax is and why the government applies it • How the new $93,454 income threshold for 2026 is different from last year's limit • How to calculate whether your income puts you above or below the clawback line • Which types of income count toward the limit — and which ones do not • Why your OAS deposit may be smaller than expected and what the CRA letter means • How the clawback period works from July to June and when it gets recalculated • What to check on your tax return to confirm where you stand Who should watch this video: This video is for Canadian seniors aged 65 and over who receive Old Age Security and want to understand whether the income recovery threshold affects their pension. It is particularly useful for seniors with multiple income sources — such as a workplace pension, RRIF withdrawals, or rental income — on top of their CPP and OAS. It is also helpful for anyone who received a CRA letter about an OAS deduction and wants to understand what it says, as well as for couples trying to understand how the rule works for each spouse individually. A note on accuracy: All information in this video is based on published Government of Canada guidelines from the Canada Revenue Agency and Service Canada. The $93,454 threshold referenced in this video applies to the July 2026 to June 2027 recovery period and is based on your 2025 net world income as reported on your federal tax return. We encourage all viewers to verify their personal situation using their own tax return, their My Service Canada Account, or by contacting the CRA directly. Official information is available at canada.ca. Have a question or want to share your experience? Leave a comment below. Are you close to the clawback threshold, or did this video confirm that it does not apply to you? Your comment may help another senior in a similar situation understand their own benefits. If you found this helpful, consider subscribing to Retire Path Canada — we publish regular, plain-language updates on OAS, CPP, GIS, and other Canadian retirement benefit rules whenever something changes. ________________________________________ Chapters: 0:00 — Introduction: What is the OAS clawback? 2:00 — Why there is a new income limit for 2026 5:30 — How the $93,454 threshold is applied 9:00 — The 15% recovery calculation explained 13:00 — Real-life examples: above and below the threshold 17:30 — Which income sources count toward the limit 21:00 — What to do if a CRA letter says your OAS is reduced 24:00 — Common misunderstandings about the clawback 27:30 — Summary and what to check on your tax return ________________________________________ #OASClawback #OldAgeSecurity #CanadaRetirement #OASRecoveryTax #CPP #OAS #ServiceCanada #CRABenefits #RetirementIncomeCanada #CanadianSeniors #RetirePathCanada #OASPayment2026 #SeniorBenefitsCanada #PensionClawback #NetWorldIncome #OASThreshold2026 #CanadaPension #TaxReturnSeniors