9 October 2025 APFF Financial Planning Roundtable, Q.10

Policy Tabs

Summaries

Summary Under

estate is not entitled to an s. 60(1)(n) or (n.2) deduction when it repays an excess OAS benefit that was included in the deceased’s income

Where in a year (the “Repayment Year”) an estate must repay, on behalf of the deceased, overpaid old age security ("OAS") pension benefits...

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Summary Under

an estate is not entitled to deduct an OAS overpayment to the deceased that it repays

CRA indicated that where an estate repaid old age security ("OAS") pension benefits that had been overpaid to the deceased, it would not be...

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