OAS Clawback Explained: How to Avoid Losing Benefits in Canada (2025)

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If your retirement income is over $93,454, you could be losing part of your Old Age Security — and there's a hidden trap with dividend income that makes it worse.
In this video, I break down exactly how the OAS clawback works and give you 6 practical strategies to protect your benefits.

🎯 WHAT YOU'LL LEARN:
✅ How the OAS clawback threshold works ($93,454 in 2025)
✅ The hidden dividend trap that catches most retirees
✅ Which income counts toward the clawback (and which doesn't)
✅ 6 strategies to protect your OAS benefits
✅ When to withdraw from RRSPs to avoid clawback
✅ How pension income splitting can save you thousands

⏱️ TIMESTAMPS:
0:22 - What is the OAS Clawback?
1:00 - How the Clawback Works (The $93,454 Threshold)
3:00 - What Income Counts? (The Dividend Trap)
4:15 - Strategy #1: Maximize Your TFSA
4:25 - Strategy #2: Restructure Your Investments
5:15 - Strategy #3: Pension Income Splitting
5:50 - Strategy #4: Withdraw RRSP Before Age 65
6:30 - Strategy #5: Time Large Income Events
7:15 - Strategy #6: Delay OAS to Age 70


📊 KEY NUMBERS TO REMEMBER:
OAS Clawback Threshold: $93,454 (2025)
Clawback Rate: 15% of income over threshold
Full OAS Loss: $151,668 (ages 65-74) or $157,490 (age 75+)
Dividend Gross-Up: 38% (so $10,000 dividends = $13,800 taxable income)
OAS Deferral Increase: 0.6% per month (7.2% per year, max 36% at age 70)

💡 RELATED VIDEOS:
[Link to CPP video    • Taking CPP at 60 Makes Sense — Here’s the ...   ]
[Link to TFSA vs RRSP video    • RRSP vs TFSA: Which One Actually Fits Your...   ]
[Link to retirement planning playlist.    • Retirement Planning   ]

📌 ABOUT THIS CHANNEL:
I'm Toyin, a CPA and financial planner helping Canadians navigate retirement planning with clear, practical advice. Subscribe for weekly videos on Canadian personal finance, retirement strategies, tax planning, and wealth building.

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⚠️ DISCLAIMER:
This video is for educational purposes only and should not be considered personalized financial advice. The strategies discussed may not be suitable for everyone. Please consult with a qualified financial advisor or tax professional before making financial decisions. Tax rules and OAS thresholds are subject to change.

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RESOURCES MENTIONED:
Service Canada OAS Information: https://www.canada.ca/en/services/ben...
CRA Line 23400 Information: https://www.canada.ca/en/revenue-agen...

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