Retirement Income Calculator 2026

Your yearly income from CPP, OAS and savings, after 2026 federal and provincial tax and the OAS clawback, in today’s dollars.

✓ 2026 rates · verified Oct 21–28, 2026

How this is calculated

1. Savings at retirement: your savings now plus what you save each year, grown at your return minus inflation, so the result is in today’s dollars.
2. Withdrawals: the same amount every year (in today’s dollars) so your savings run out at the age you choose.
3. CPP: your amount at 65, reduced 0.6% for each month before 65 or increased 0.7% for each month after, as in our CPP calculator.
4. OAS: $762.50 a month at 65–74 and $838.75 from 75 (October–December 2026), times years in Canada ÷ 40, plus 0.6% for each month you delay after 65.
5. OAS clawback: 15% of income above $95,323, up to all of your OAS. RRSP/RRIF withdrawals count; TFSA withdrawals don’t.
6. Income tax: 2026 federal and provincial or territorial brackets, with the basic personal amounts, the federal and provincial age amounts from 65, and the pension income amounts on RRIF payments from 65 (each province’s from its own 2026 TD1 form). The age amount is based on net income after the clawback is deducted, as on your tax return. Ontario’s surtax, Health Premium and tax reduction and B.C.’s tax reduction apply as they do for anyone.

The OAS clawback in 2026

For 2026 income, OAS is reduced by 15% of net income above $95,323. CRA estimates OAS is fully repaid at $155,320 for ages 65 to 74 and $161,320 for 75 and over. Those figures use CRA’s estimate of OAS for July 2027 to June 2028; with today’s OAS of $9,150.00 a year, this calculator’s 15% rule reaches a full clawback at about $156,323.

Worked examples: age 67 in Alberta

Both use the average CPP ($10,300.08 a year), full OAS ($9,150.00 a year) and RRIF withdrawals, with no other income.

In the second example the clawback ($2,119.06) is worked out first, on income before it’s deducted. Deducting it brings net income to $107,331.02, just under the $107,819 where the federal age amount runs out, so $73.15 of it is left. Calculators that use income before the clawback deduction miss that and overstate the tax.

The same retiree in each province and territory

The first example ($10,300.08 CPP, $9,150.00 OAS and $30,000.00 from a RRIF at 67) pays the same $3,113.99 of federal tax everywhere. What changes is the provincial tax: each province sets its own brackets, its own age amount and the income where that amount starts to shrink.

Net income is $49,450.08 in every row. Saskatchewan’s tax includes its $2,569 senior supplementary amount; Ontario’s includes the Health Premium.

What this calculator assumes

• You live in the province or territory you choose, are single for tax purposes, and have no income other than CPP, OAS and your savings. It doesn’t cover Quebec, whose residents get the Quebec Pension Plan (QPP) instead of CPP and file a Quebec return.
• Everything is in today’s dollars at 2026 rates. CPP and OAS rise with inflation; tax brackets do too, so this is a fair approximation.
• RRSP savings are converted to a RRIF, so withdrawals from 65 qualify for the pension income amount.
• Your return is the same every year, and withdrawals are the same every year until your savings run out.
• It doesn’t include pension income splitting with a spouse, RRIF minimum withdrawals, the Guaranteed Income Supplement, workplace pensions, or medical and disability credits.
• Credits paid only through the tax return, such as the Atlantic provinces’ low-income tax reductions and the Northwest Territories and Nunavut cost of living credits, aren’t included, so tax on a small income can be a little lower than shown.
• OAS amounts change every quarter; this uses October–December 2026.

Rates for tax year 2026, verified October 21 to October 28, 2026 · Page updated October 28, 2026