Editing Old Age Security (section)

==Taxation==
The OAS payout is subject to the pension recovery tax<ref>{{Cite web|date=2015-10-30|title=Old Age Security pension recovery tax|url=https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/recovery-tax.html |access-date=2021-08-28|website=www.canada.ca}}</ref> when the [[Canada Revenue Agency]] determines that the recipient's taxable income is greater than 80% of Canadians.<ref>{{Cite web|date=2020-10-01|title=Canada Revenue Agency|url=https://www.canada.ca/en/revenue-agency.html|access-date=2021-08-28|website=www.canada.ca}}</ref>

The GIS is not taxed.<ref name="gis"/> The amount must still be reported in an income tax filing<ref>{{Cite web |date=2022-04-05 |title=T4A(OAS), Statement of Old Age Security |url=https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/recovery-tax.html |access-date=2023-04-26 |website=www.canada.ca}}</ref> where it becomes a tax deductible.<ref>{{Cite web|date=2023-01-24 |title=Line 25000 – Other payments deduction |url=https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-25000-other-payments-deduction.html |access-date=2023-04-26 |website=www.canada.ca}}</ref>