Filter bank multi-carrier with offset quadrature amplitude modulation (FBMC-OQAM) system is a very efficient multicarrier modulation technique for 5G, but it suffers as all multicarriers designs from large peak-to-average power ratio (PAPR). Tone reservation (TR) is a method designed to solve this problem by reserving several subcarriers called tones in the frequency domain to generate a cancellation signal in the time domain to eliminate high peaks. In this paper, we suggest a serial combination of tone reservation (TR) method with an enhanced version of clipping called deep clipping (DC) method (TR&DC) to enhance the peaks (PAPR) mitigation in FBMC-OQAM signal model without significantly impacting the quality of transmission. Numerical results and analysis show that the new TR&DC approach allows better overall performance and offers remarkable gain in term of PAPR mitigation than the TR method, with similar BER performance to TR over additive white gaussian noise channel and Rapp HPA model.