Canada Oas Clawback 2024. If you have to pay back part of your old age security pension this year, an appropriate amount will be deducted from your future oas pension payments as a recovery tax. Old age security (oas) provides monthly payments to seniors who are 65 years or older, are or were canadian citizens or legal residents, and have resided in.

Old age security (oas) provides monthly payments to seniors who are 65 years or older, are or were canadian citizens or legal residents, and have resided in. You can see the clawback reduces this payment if your net.