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Print this pageForward this document  Social benefits clawback deduction

How does DT Max calculate the social benefits clawback deduction in cases where the income consists of old age security benefits and the federal supplement?

DT Max adopts the same approach as the CRA, as long as the federal supplement is repaid first.

Example:

Total income: $90,311.92 
OAS: $5,311.92 
Supplement: $5,000.00 
  ------------
$10,311.92 
Net income before adjustments: $90,311.92 
Basic amount: ($75,910.00)
  -------------
$14,401.92
  x 15 percent
  -------------
$2,160.29
Social benefits repayments (line 235): $2,160.29
Other payments deduction (line 250): $5,000.00

October 31, 2002