<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 $122,843 . As of January 2018 , the basic amount is C $586.66 per month . At tax time , recipients with a 2017 income of over $74,788 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 every calendar quarter if the 3 - month average CPI has increased . </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 $122,843 . As of January 2018 , the basic amount is C $586.66 per month . At tax time , recipients with a 2017 income of over $74,788 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 every calendar quarter if the 3 - month average CPI has increased . </P>
what is the age for old age pension in canada
what is the age for old age pension in canada
65 years of age or older
65 years of age or older