Old Age Security is an important benefit for Canadian retirees. But if you earn too much money in retirement, those Old Age Security benefits can be clawed back from you. And there are circumstances where retirees who are not necessarily of high income can have temporary spikes in their retirement income that might cause their Old Age Security benefits to be clawed back.

I ran across a circumstance like this recently and in today's video, I'm going to explain what the Old Age Security clawback is. I'm going to use an example to illustrate how the Old Age Security clawback works. And I'm going to close the video by sharing some strategies that you can use to help manage your Old Age Security and the Old Age Security clawback in your retirement.