@calmmoneycoach: The OAS clawback feels like a punishment for saving well. It isn’t. It’s a recovery tax, and it only looks at one number on your return: Line 23400. For 2026, it starts at $95,323. Above that, you repay 15 cents of OAS for every dollar over. The key is that it taxes where your income comes from, not what you spend. $10,000 of dividends shows up as $13,800 after the gross-up. The same $10,000 from a TFSA shows up as nothing. A dollar is not a dollar. A few levers can move it: leaning on the TFSA in your high-income years, splitting your pension, drawing the RRSP down early, deferring OAS, and timing big capital gains. Every one is a trade-off, not a rule. And some years you’ll go over on purpose. A new roof, a health year, the big trip. That’s fine. One high year over decades of retirement is noise. The clawback is a reason to be deliberate, not a reason to stop living. Calculator and the full playbook are in the Calm Money Community. calmmoneycoach.ca

Brian | Calm Money Coach

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Thursday 11 June 2026 19:43:46 GMT