<P> The Old Age Security pension ( or OAS or OAS - GIS ) is a taxable monthly social security payment available to most Canadians 65 years of age or older with individual income less than $114,815 . As of September 2017 , the basic amount is $583.74 per month . At tax time , recipients with a 2014 income of over $71,592 must pay back a portion of their Old Age Security at a rate of 15 % of net income . This is often referred to as the `` OAS clawback '' . OAS amounts are indexed to the Canadian Consumer Price Index and are adjusted ( generally , increased ) four times per year . </P>
<P> The Old Age Security pension ( or OAS or OAS - GIS ) is a taxable monthly social security payment available to most Canadians 65 years of age or older with individual income less than $114,815 . As of September 2017 , the basic amount is $583.74 per month . At tax time , recipients with a 2014 income of over $71,592 must pay back a portion of their Old Age Security at a rate of 15 % of net income . This is often referred to as the `` OAS clawback '' . OAS amounts are indexed to the Canadian Consumer Price Index and are adjusted ( generally , increased ) four times per year . </P>
amount for old age security pension in canada
amount for old age security pension in canada
$583.74 per month
$583.74 per month