Feds may have questions for OAS recipients

By Staff, with files from The Canadian Press | July 17, 2017 | Last updated on July 17, 2017
1 min read

If your clients receive Old Age Security, federal investigators could contact them to ask about such things as marital status, unreported departures from Canada or unreported deaths.

Read: CRA may be watching clients’ social media

That’s because the federal government aims to eliminate fraud or mistakes from Old Age Security through a massive review of payments and recipients.

Read: How to minimize OAS clawback

In May, the government started testing a new, simplified application form for Old Age Security benefits to prevent misunderstandings about eligibility — specifically questions about residency, where concerns have been raised about potential fraud.

The findings from the review and the application pilot project will feed into a larger strategy to modernize Old Age Security and improve payment accuracy.

The department overseeing the program, Employment and Social Development Canada, says payments are accurate almost 99% of the time. But mistakes even 1% of the time can mean hundreds of millions of dollars in mistaken payments.

Old Age Security benefits are expected to cost the federal treasury about $51.1 billion this fiscal year.

Also read:

The tax benefits of clients giving ‘never money’ while still alive

Why clients’ credit cards shouldn’t retire when they do

5,000 people retire each week. Are we ready?

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Staff, with files from The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.