OAS timing and clawback

    Your situation

    CPP, pensions, RRIF withdrawals, interest, taxable capital gains, etc. TFSA withdrawals don't count.

    Lifetime comparison

    OAS this year
    $9,150
    $762.50/month
    Recovery tax (clawback)
    $0
    income below the $95,323 threshold
    OAS kept
    $9,150
    fully recovered near $155,320 (2026 estimate)

    Start at 65 or defer? Lifetime OAS to age 90

    Start at 65$242,475
    $762.50/month · recovery tax $0
    Start at 66$249,074
    $817.40/month · recovery tax $1,050
    Start at 67$253,602
    $872.30/month · recovery tax $2,854
    Start at 68$256,316
    $927.20/month · recovery tax $5,155
    Start at 69$257,909
    $982.10/month · recovery tax $7,258
    Start at 70$258,383
    $1,037.00/month · recovery tax $9,163
    Start ageMonthly (65–74)Lifetime OASRecovery taxNet
    65$762.50$242,475$0$242,475
    66$817.40$250,124$1,050$249,074
    67$872.30$256,456$2,854$253,602
    68$927.20$261,470$5,155$256,316
    69$982.10$265,167$7,258$257,909
    70$1,037.00$267,546$9,163$258,383

    OAS amounts for October to December 2026: $762.50/month (65–74) and $838.75 (75+). Deferral adds 0.6% a month to 36% at 70. Partial pension = years in Canada after 18 ÷ 40 (minimum 10). Recovery tax is 15% of net world income above $95,323 (2026). Today's dollars; your other income is held level. GIS is not included.

    OAS timing and clawback · Powered by RetirementPlanner.ca · MITEY. Educational estimates, not financial advice.