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 $67,668:

• 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 plans income included on line 232.

Notes
If you had an OAS repayment for 2010, tax may have been withheld from your monthly OAS pension for 2011 The amount deducted is included in box 22 of your T4A(OAS) slip for 2011. Claim it on line 437 of your tax return. Similarly, if you have an OAS repayment for 2011, tax may be withheld starting with your July 2012 OAS payment.

If your net income exceeded the threshold for 2011, and your income for 2012 will be substanially lower, you may request a waiver from CRA so that Service Canada will reduce your income tax withheld at source beginning July 2012.

Completing your tax return

Complete the chart for line 235 on the federal worksheet to calculate how much you have to repay, even if tax was withheld by Service Canada.

Forms and publications

• General Income Tax and Benefit Package - Guide, return and schedules

Related topics

• Line 113 - Old Age Security pension (OAS)
• Line 422 - Social benefits repayment
• Line 437 - Total income tax deducted