Oas Net Income Clawback Threshold 2024. The oas clawback, officially known as the oas recovery tax, reduces oas payments for seniors with a net income above a specific threshold ($86,912 in 2024). The oas clawback kicks in if your net annual income is above a certain threshold amount.

If your net income exceeds this amount, your oas benefits will be reduced by 15 cents. The oas clawback, officially known as the oas recovery tax, reduces oas payments for seniors with a net income above a specific threshold ($86,912 in 2024).