Get Old Age Return Income Form 2023-2024

In the 2012 budget, the government did announce changes to Old Age Security—changing the age of eligibility from 65 to 67—and this was to become effective in 2023.

Your net income is your total income for the year (from all sources, such as employment, RESPs, retirement income, benefits, etc.) minus your allowable deductions (such as RRSP contributions, childcare expenses, moving expenses, etc.)

Code 41 - Textile, clothing, and leather goods – Assistance and superannuation or pension benefits; Code 43 - RRSP – Lump-sum payments; Code 44 - Old Age Security payments (regular benefits);

The line 23400 amount is used to calculate clawbacks of OAS, employment insurance, and Canada Recovery Benefit.

As a rule, you can deduct a business investment loss on line 234 if you sustained losses in 2022 on investments (shares or debt securities) in a Canadian-controlled private corporation (that is, a corporation whose shares are not listed on a stock exchange).

As a rule, you can deduct a business investment loss on line 234 if you sustained losses in 2022 on investments (shares or debt securities) in a Canadian-controlled private corporation (that is, a corporation whose shares are not listed on a stock exchange).