If your net world income exceeds the threshold amount ($81,761 for 2022), you have to repay … See more

Example:
The threshold for 2022 is $81,761. If your income in 2022 was $96,000, then your repayment would be 15% of the difference between $9… See more

In January, you will receive:
1.an Old Age Security Return of Income form that you must fill out
2.an NR4 Old Age Security information slip to use whe… See more

Once your Old Age Security Return of Income form is received, the net world income you report is used to estimate your Old Age Security (OAS) pension repayment amount for … See more

Note:
If you live outside Canada and receive an Old Age Security (OAS) pension, you must also pay the non-resident tax. This tax is deducted fr… See more