Pensions & seniors
OAS recovery tax
A repayment mechanism that reduces OAS payments when your net income exceeds a yearly threshold.
Seniors with moderate retirement income may lose part or all of OAS through this recovery.
Benefits glossary
Canadian benefits glossary
Government benefits, tax, disability and drug-coverage terms explained in plain language.
Definitions are educational. Official program rules still apply.
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Old Age Security (OAS)
A monthly pension for people 65 and older who meet residency requirements. It is not based on employment history.
OAS can be reduced or recovered at higher incomes through the OAS recovery tax.
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Sources and methodology
Definitions explain common government and program language in plain words. They are starting points for understanding, not legal advice or official eligibility decisions. Confirm important details with the official program, CRA, Service Canada, or a qualified professional.
Glossary reviewed September 13, 2026