Helen receives $7,500 in monthly income from various sources, including her full Canada Pension Plan (CPP) benefit and an employer pension. In 2024, the OAS clawback threshold for net income is approximately $90,997. If her net income is $90,000, what impact will her income have on her Old Age Security (OAS) benefits?

Question: Helen receives $7,500 in monthly income from various sources, including her full Canada Pension Plan (CPP) benefit and an employer pension. In 2024, the OAS clawback threshold for net income is approximately $90,997. If her net income is $90,000, what impact will her income have on her Old Age Security (OAS) benefits?

Answer options:

• Her OAS benefits will be fully clawed back.
• Her OAS benefits will be partially clawed back. ✅ Her OAS benefits will not be affected by the clawback.
• Her OAS benefits will be increased due to her high income.

Correct answer: Her OAS benefits will not be affected by the clawback.

Explanation: The Old Age Security (OAS) benefits begin to be reduced (clawed back) only when an individual's net income exceeds the specified threshold. Since Helen's net income ($90,000) is below the 2024 threshold of approximately ($90,997), her OAS benefits will not be affected.