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Clawback : Tax tips

Clawback of OAS

Clawbacks of the age exemption, which reduces your Canadian income taxes, start at $31,254 at a rate of 15%. If an individual over 65 earns over $64,718 a portion of the Old Age Security at a rate of 15% is taken back.

David J.Rotfleisch, C.A., J.D.
Tax And Business Lawyer,

David J. Rotfleisch, C.A., J.D.
Rotfleisch & Samulovitch Professional Corporation
Barristers & Solicitors
121 Richmond Street West
Suite 803
Toronto, Ontario
M5H 2K1, PH :- 416-367-4222 Fax 416-367-8649