Now, instead of applying this tax calculation on your normal tax return, the government will instead automatically adjust your OAS for the following “OAS year” to reflect the amount getting clawed back. In our above example, $162.50 would be subtracted each month from your OAS payments in or...
5)Remember, the CPP is not the OAS. We’ll talk about OAS payments another day, but the CPP is a separate pool of money. The government can’t just reach into the CPP pool and pull your money out to pay for stuff – it’s completely illegal for them to do that! I've Completed ...
5)Remember, the CPP is not the OAS. We’ll talk about OAS payments another day, but the CPP is a separate pool of money. The government can’t just reach into the CPP pool and pull your money out to pay for stuff – it’s completely illegal for them to do that! I've Completed ...