Quick answer: Three OAS figures moved for 2026: the maximum monthly pension for the April to June 2026 quarter is $743.05 (age 65 to 74) and $817.36 (age 75 and over); the 2026 income year clawback threshold is $95,323 (used for OAS paid from July 2027 to June 2028); and the 2026 full clawback ceiling is approximately $154,753 for ages 65 to 74 and $160,696 for ages 75 and over (finalized in October 2026).
What this means: If you are receiving OAS in 2026, your clawback is calculated against your 2024 income (threshold $90,997) for the January to June half of the year and against your 2025 income (threshold $93,454) for the July to December half. The 2026 threshold of $95,323 does not affect any 2026 payment.
What to do next: Model the clawback at your income level. Run the OAS clawback calculator →
2026 OAS changes at a glance
| Item | Late 2025 | 2026 |
|---|---|---|
| Max monthly OAS, age 65 to 74 (current quarter) | $727.67 (Oct to Dec 2025) | $743.05 (Apr to Jun 2026) |
| Max monthly OAS, age 75 and over (current quarter) | $800.44 (Oct to Dec 2025) | $817.36 (Apr to Jun 2026) |
| 2025 income year clawback threshold | $93,454 | $93,454 (unchanged) |
| 2026 income year clawback threshold | not yet announced | $95,323 |
| 2026 full clawback ceiling, 65 to 74 | not yet announced | $154,753 (estimate) |
| 2026 full clawback ceiling, 75 and over | not yet announced | $160,696 (estimate) |
| Recovery tax rate | 15% | 15% (unchanged) |
| Age 75 and over enhancement | +10% (since July 2022) | +10% (unchanged) |
| Deferral bonus past age 65 | 0.6% per month, max 36% at 70 | 0.6% per month, max 36% at 70 (unchanged) |
Maximum OAS amounts are the quarterly maximums published by Service Canada on the Old Age Security payments page. Threshold figures are from the Old Age Security pension recovery tax page.
Which income year applies to which OAS payment period
This is the part that confuses most retirees. OAS clawback is calculated against the prior year’s T1 return, not the year you receive the payments. The benefit period runs July through June. Each row of the table below shows the income year that drives recovery tax for the OAS you receive in that period.
| OAS benefit period | Income year used | Minimum threshold | Full clawback, 65 to 74 | Full clawback, 75+ |
|---|---|---|---|---|
| July 2024 to June 2025 | 2023 | $86,912 | $142,609 | $148,179 |
| July 2025 to June 2026 | 2024 | $90,997 | $148,451 | $154,196 |
| July 2026 to June 2027 | 2025 | $93,454 | $152,062 | $157,923 |
| July 2027 to June 2028 | 2026 | $95,323 | $154,753 (estimate) | $160,696 (estimate) |
An OAS payment received in March 2026 is reconciled against your 2024 net world income, because March 2026 is inside the July 2025 to June 2026 benefit period. An OAS payment received in October 2026 is reconciled against your 2025 net world income, because October 2026 is inside the July 2026 to June 2027 benefit period.
The 2026 threshold of $95,323 only starts affecting OAS payments in July 2027.
Quarterly maximum OAS amounts in 2026
Service Canada adjusts the maximum monthly OAS pension every January, April, July, and October based on changes in the Consumer Price Index. The April to June 2026 quarter is the current published quarter.
| Quarter | Max monthly OAS, 65 to 74 | Max monthly OAS, 75+ |
|---|---|---|
| January to March 2026 | $742.31 | $816.54 |
| April to June 2026 | $743.05 | $817.36 |
If you receive OAS only for part of the year, the maximum is prorated. A retiree turning 65 in April 2026 receives OAS starting from May 2026, not the full year.
What did not change for 2026
The 15% recovery tax rate is the same. The 10% permanent OAS enhancement for recipients aged 75 and over (in place since July 2022) continues. The OAS deferral bonus of 0.6% per month (maximum 36% at age 70) is unchanged. The residency rules are unchanged: 10 years of Canadian residency after age 18 for a partial OAS pension, 40 years for the full pension.
Example: how the timing affects a 2026 retiree
A retiree files a 2025 T1 with $100,000 of net world income. The 2025 threshold is $93,454, so the recovery tax is 15% of ($100,000 minus $93,454), or $981.90. That $981.90 is collected through monthly OAS reductions of roughly $81.83 from July 2026 to June 2027.
The same retiree files a 2026 T1 with $100,000 of net world income. The 2026 threshold is $95,323, so the recovery tax is 15% of ($100,000 minus $95,323), or $701.55. That $701.55 is collected through monthly OAS reductions of roughly $58.46 from July 2027 to June 2028.
Income at the same level produces a different recovery tax in each year because the threshold is indexed upward each year.
Frequently asked questions
What is the OAS clawback threshold for 2026?
$95,323. This is the minimum income recovery threshold for the 2026 income year, which determines OAS payments from July 2027 to June 2028.
What is the maximum monthly OAS in 2026?
For the April to June 2026 quarter, $743.05 for ages 65 to 74 and $817.36 for ages 75 and over. The amount is adjusted quarterly based on the Consumer Price Index.
Did the recovery tax rate change in 2026?
No. The recovery tax rate is 15% of net world income above the threshold, the same as prior years.
Is the 10% age 75 enhancement still in place?
Yes. The 10% permanent enhancement for OAS recipients aged 75 and over has been in place since July 2022 and continues unchanged in 2026.
How is my 2026 OAS clawback calculated if my income changes during the year?
The withholding is based on the prior year’s return. If your 2026 income drops below the threshold, you can request a reduction in monthly withholding using Form T1213(OAS). The final reconciliation happens when you file your 2026 T1.
Frequently asked questions
- What is the Q1 2026 maximum OAS?
- $742.31/month for ages 65-74 and $816.54/month for ages 75 and over. Indexed quarterly.
- What is the 2026 OAS clawback threshold?
- $95,323 for the 2026 income year. This determines OAS payments from July 2027 to June 2028.
- Did the OAS recovery tax rate change?
- No. The recovery tax is still 15% of net world income above the annual threshold.
- Did the 75-plus bonus change?
- No. OAS recipients aged 75 and over still receive an automatic 10% increase in their monthly amount.
- What clawback threshold applies to OAS being paid right now?
- It depends on the period. OAS for July 2025-June 2026 uses the 2024 income-year threshold ($90,997). OAS for July 2026-June 2027 will use the 2025 income-year threshold ($93,454).