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Glossary term

OAS

Old Age Security (Canada)

🇨🇦Canada · Tax Year 2026Reviewed Plain-English
Definition

What is OAS?

OAS is a Canadian government pension funded from general tax revenues (not contributions), paid to most residents from age 65. 2026 max: ~$727/month. Clawed back at ~$91k income, fully recovered by ~$148k. Can be deferred up to 70 for a 36% increase.

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