OAS Benefits Calculator
Old Age Security pays up to about $735/month at 65, but most Canadians never learn about the recovery tax until it shows up on their return. Above roughly $93,454 of net world income, Ottawa claws back 15 cents of every OAS dollar until the benefit hits zero.
See What Is OAS? for the full breakdown of residency rules and deferral options. If you are planning retirement drawdowns, theWithdrawal Strategy Plannerand FIRE Calculator factor in CPP and OAS offsets alongside your portfolio.
Clawback assessed on your individual net world income, not household income.
Advanced: OAS deferral
Each month you defer after 65 increases your payment by 0.6% (max 60 months).
$735
Monthly OAS (before clawback)
$0
Annual Clawback
$735
Net Monthly OAS
100.0%
OAS You Keep
OAS Payment vs Income
Chart showing net monthly OAS from $0 to $200,000 income. Your income is $85,000 with net monthly OAS of $734.95.
You might also like
Withdrawal Strategy Planner
Retirement drawdown sequencing across TFSA, RRSP/RRIF, and non-registered accounts.
FIRE Calculator
Canadian financial independence calculator with CPP/OAS offsets and Coast FIRE.
Retirement Planner
When can you retire — and how should you spend in retirement? FIRE + withdrawal drawdown in one workflow.
These calculators use hypothetical assumptions for illustration only — not a guarantee of future performance or personalized financial advice. Consult a qualified professional before making investment or tax decisions.