OAS Clawback Estimator

See how your net income affects your Old Age Security pension: enter your income to estimate the recovery tax (clawback), your reduced monthly OAS, and how much room you have before the clawback starts.

2026 figures: clawback starts at $95,323 of net income (line 23400); 15¢ is recovered for every dollar above it. Figures are indexed annually — verify the current year.

Your age bracket

Ages 65–74 Age 75+

Monthly OAS you receive

Defaults to the maximum for your bracket; lower it if you receive partial OAS.

Estimated annual net income (line 23400 of your tax return)

Your estimated net OAS after the clawback is

$0.00/month

$0.00 per year

Annual clawback (recovery tax)

$0.00 / year

Monthly OAS reduction

$0.00 / month

Share of OAS kept

100.0% of OAS kept

Room before the clawback

$0 of room before the clawback starts

Net annual OAS vs net income

Good to know

The clawback is per person, not per household: each spouse gets their own $95,323 threshold.
TFSA withdrawals are not included in net income and do not trigger the clawback.
The recovery tax is usually collected by reducing your monthly OAS cheques from July to June following the tax year.
Deferring OAS to age 70 increases your benefit by 0.6% per month (up to 36%), but it does not avoid the clawback.

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Provided by Aaron Taylor, Taylor Wealth Designers Ltd. - www.wealthdesigners.ca

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Simplified illustration using 2026 thresholds and OAS rates, which are indexed annually. The recovery tax is based on your individual net income (line 23400). Confirm your situation with the CRA or a qualified professional.

IMPORTANT — PLEASE READ: This report was produced by an automated calculator and may contain calculation errors. All results are hypothetical illustrations based on the inputs and assumptions shown (rates of return, inflation, tax rules, and government benefit amounts), not predictions or guarantees of future outcomes. Past investment performance does not guarantee future results. Tax laws and government programs (including CPP, OAS, and GIS) change over time. This report is for general information only and is not investment, tax, or legal advice. Please review your situation with a qualified professional before making financial decisions.