⚠️ BORN BEFORE 1962? 7 OAS Clawback Changes the CRA Applying in July — Canadian Seniors Don't Know

July is days away, and the Canada Revenue Agency has already decided who loses part of their Old Age Security payment this month. The OAS recovery tax threshold sits at roughly ninety-three thousand four hundred fifty-four dollars in net income, and once you cross it, fifteen cents of every extra dollar gets clawed back, straight out of your monthly deposit, with no phone call and no warning. In this video, Federal Benefits Analyst Gordon Mackay breaks down the seven specific ways the CRA is applying this recovery tax differently this cycle, including the TFSA loophole almost no senior uses and the one form that can reduce what's taken from you starting now instead of next year. This video is for educational purposes only and does not constitute legal, financial, or tax advice. Benefit rules and eligibility criteria change frequently. Always verify your specific situation directly with Service Canada, the Canada Revenue Agency, or a qualified financial advisor. Information presented reflects publicly available government guidance as of the date of publication, and composite cases referenced are based on patterns reviewed, not individual cases. #OASClawback #CRACanada #CanadianSeniorShield