They’re Coming for Seniors Now… $20 BILLION OAS Clawback

Tap The Maple · Mar 30, 2026 · 18m

Canada may be heading toward major changes to Old Age Security (OAS), with proposals suggesting up to $20 billion in annual savings by reducing benefits for higher-income seniors. But is this really about fairness, or is it about fixing out-of-control government spending?In this episode of Tap the Maple, we break down the OAS clawback proposal, what it means for retirees, how RRSPs and RRIFs could trap Canadians into higher taxes, and why this signals a much bigger problem in Canada’s fiscal future.If you think this only affects the wealthy… think again.