Line 235 - Old age security (OAS) benefits repayment
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Line 235 - Old age security (OAS) benefits repayment
You may have to repay all or a part of your OAS pension (line 113) or net federal supplements (line 146) if the result of the following calculation is more than $73,756:
- the amount from line 234; minus
- the amounts reported on lines 117 and 125; plus
- the amounts deducted on line 213 and/or the amount for a repayment of registered disability savings plan income included on line 232.
Notes
If you had an OAS repayment for 2015, tax may have been withheld from your OAS pension for 2016. The amount deducted is included in box 22 of your T4A(OAS) slip for 2016. Claim it on line 437 of your tax return. Similarly, if you have an OAS repayment for 2016, tax may be withheld starting with your July 2017 OAS payment.
If your net income exceeded the threshold for 2016, and your net income for 2017 is expected to be substantially lower, you can request a waiver from the CRA to have Service Canada reduce your income tax withheld at source beginning July 2017. The request must be made in writing. Send us a completed Form T1213(OAS), Request to Reduce Old Age Security Recovery Tax at Source.
For more information, contact the CRA.
Completing your tax return
Complete the chart for line 235 on the federal worksheet to calculate your repayment, even if tax was withheld by Service Canada.
Forms and publications
- General income tax and benefit package - Guide, return and schedules
- Form T1213(OAS), Request to Reduce Old Age Security Recovery Tax at Source
Related topics
- Line 113 - Old age security pension (OAS)
- Line 117 - Universal child care benefit (UCCB)
- Line 125 - Registered disability savings plan (RDSP) income
- Line 146 - Net federal supplements
- Line 213 - Universal child care benefit (UCCB) repayment
- Line 232 - Other deductions
- Line 422 - Social benefits repayment
- Line 437 - Total income tax deducted
- Date modified:
- 2017-01-04