OAS Clawback & Annual Income Projection Calculator

Project annual income, uncover room for additional gross capital gains, and avoid or reduce OAS clawback.

2026 assumptions

*The spouse selector changes which Retirement Income inputs and Live Results are displayed. For sections 2, 3, and 4, use “Spouse 1 share” to divide that income between spouses.

1. Retirement IncomeAnnual amounts

Enter expected annual amounts before tax.

2. GICs and InterestNo entries

Add non-registered GICs, term deposits, or interest-bearing accounts. Ownership must reflect the actual source of capital.

3. DividendsNo entries

Enter annual cash dividends from Canadian corporations held outside registered accounts.

4. Capital Gains/LossesNone entered

Enter realized year-to-date gains or losses. Use a negative amount for a realized loss. The model applies a 50% inclusion rate and a zero floor to each spouse’s total taxable gains.

5. Adjustments and Deductions$0
Pension Splitting

Enter one transfer. The other spouse receives the equal and opposite adjustment automatically.

Predicted year-end fund distributions
Annual amount
Net-income deductions
How to use this calculator

Enter annual income for each spouse, then add only the investment and adjustment sections that apply. Ownership percentages allocate joint income according to each spouse’s actual contribution. Review the live results for each spouse.

Assumptions and methodology

The calculator estimates CRA Line 23600 net income using the workbook’s income, attribution, gross-up, deduction, and capital-gain rules.

Capital-gains inclusion rate
50% (fixed) Gross-gain multiplier
2.0× (fixed)

Eligible Canadian dividends use a 1.38 gross-up factor. Other-than-eligible Canadian dividends use 1.15.

Important limitations

This model uses annual estimates and does not calculate full personal income tax, provincial tax, benefit interactions, eligibility for pension splitting, or every CRA adjustment. Its OAS recovery estimate is not capped to the individual’s actual OAS entitlement, matching the workbook calculation.

Educational information and disclaimer

This calculator is designed for educational tax-planning and financial-modelling purposes. Verify all calculations against official CRA returns, Notices of Assessment, current legislation, and the taxpayer’s individual circumstances. Joint-account income should be attributed according to the actual proportion of capital contributed by each spouse.

Educational use only. Not financial advice.