Should I delay my OAS?
OAS grows by 0.6% for every month you delay past 65, up to 36% more at 70. Separately, OAS increases by 10% at age 75. Delaying can also help if your income in your late 60s would trigger the OAS recovery tax.
Use the current OAS amount from Service Canada; the figure shown is an example.
Common questions
What is the OAS recovery tax?
If your net income is above an annual threshold, OAS is reduced by 15% of the amount over it. Timing RRSP withdrawals and deferral can change how much is affected.
Does OAS depend on years in Canada?
Yes. A full pension generally needs 40 years of residence after age 18. Fewer years means a partial pension.
Is OAS taxable?
Yes, OAS is taxable income.
OAS timing and RRSP timing are linked.
Drawing registered money earlier can protect OAS later. We'll show you the order.
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Open →Figures as at November 2026. Sources: Canada Revenue Agency, Service Canada, Income Tax Act.
Illustrative arithmetic only. Figures set by legislation can change; verify current rules before relying on any result. Educational only. Not tax, legal, or investment advice. Confirm with your accountant before acting. Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Wealth Management Inc., sponsoring mutual fund dealer. Other Products and Services are offered through David Creighton, Lindsay Smith, John Creighton, Matthew Smith, Darroll Powe, and Creighton Financial Group.