Ultimately, the OAS clawback is an additional 15% tax on every dollar that you earn above the $81,761 threshold. For example, if you earned $94,761 during the “OAS year” from July 2023 to June 2024, the CRA would calculate that you earned $13,000 above the OAS clawback threshold....
Regulatory references: Over 90% of firms include incidents of NFM in regulatory references and 87% would update a reference (as applicable). The number of individuals, across 1,028 firms, hired with an NFM incident on their regulatory reference was just 5 in 2023 (down from 10 in 2021) pe...