Line 235 - Social benefits repayment
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Employment insurance (EI) benefits
You have to repay part of the EI benefits (line 119) you received in 2016 if all the following conditions are met:
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there is an amount shown in box 15 of your T4E slip;
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the rate shown in box 7 is 30%; and
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the result of the following calculation is more than $63,500:
Complete the chart on your T4E slip to calculate the EI benefits you have to repay. If you also have to repay old age security (OAS) benefits you received (see the next section), enter the EI benefits you have to repay on lines 7 and 20 of the chart for line 235 on the federal worksheet in the forms book.
Old age security (OAS) benefits ▼
You may have to repay all or a part of your OAS pension (line 113) or net federal supplements (line 146) if the result of the following calculation is more than $73,756:
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the amount from line 234; minus
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the amounts deducted on line 213 and/or the amount for a repayment of registered disability savings plan income included on line 232.
Complete the chart for line 235 on the federal worksheet in the forms book to calculate your repayment, even if tax was withheld by Service Canada.
Notes
If you had an OAS repayment for 2015, tax may have been withheld
from your OAS pension for 2016. The amount deducted is shown in box
22 of your T4A(OAS) slip for 2016. Claim it on line 437. Similarly, if you have an OAS repayment for
2016, tax may be withheld starting with your July 2017 OAS
payment.
If your net income exceeded the threshold for 2016 and your net income for 2017 is expected to be substantially lower, you can request a waiver from the CRA to have Service Canada reduce your income tax withheld at source beginning July 2017. The request must be made in writing. Send us a completed Form T1213 (OAS), Request to Reduce Old Age Security Recovery Tax at Source.
For more information, contact us.
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