OAS Clawback Calculator
Protect your pension: Estimate the 2026 'Recovery Tax' on your Old Age Security payments.
Last updated: April 2026
What is the OAS Clawback?
Old Age Security (OAS) is a monthly payment available to most Canadians aged 65 and older. However, it is a means-tested benefit.
If your worldwide income exceeds a certain threshold—often called the OAS Recovery Tax—you must repay part or all of your OAS.
For every dollar you earn above the threshold, your OAS payment is reduced by 15 cents.
How to use this calculator
- 1Estimate Annual Income — Include your CPP, RRIF/RRSP withdrawals, employment, and investment income.
- 2Check OAS Amount — The standard OAS is currently around $713/month (more for those 75+).
- 3View Calculation — The results show how much you'll need to pay back at tax time.
Formula & example
Repayment = (Income - Threshold) × 15%
If your income is $105,323, you are $10,000 over the threshold. You must repay $10,000 × 0.15 = $1,500 to the CRA.
Benefits
Tax Planning
Identify if you should use TFSA withdrawals instead of taxable income to stay below the limit.
Avoid Surprises
OAS clawback is often deducted automatically from your checks starting in July—know why it's happening!
RRSP/RRIF Strategy
Balance your withdrawals to keep your retirement income just under the threshold.
Use cases
High-Income Seniors
Anyone with an individual income over $90k should be monitoring this threshold.
Large Capital Gains
A one-time sale of a non-residence property can trigger a massive OAS clawback for that year.
Frequently asked questions
Is the threshold individual or household?+
OAS clawback is based purely on your individual income, not your spouse's income.
Does TFSA income count?+
No! TFSA withdrawals are not reported as income, making the TFSA an excellent tool for avoiding an OAS clawback.