If You're Saving for Retirement · 🇨🇦 Canada

OAS Voluntary Tax Withholding — Prevent a Surprise Tax Bill on Your Pension

Difficulty Easy Applies To All Provinces & Territories Last Updated 2026-04-03

OAS Voluntary Tax Withholding — Prevent a Surprise Tax Bill on Your Pension

What Is It?

OAS recipients can ask Service Canada to withhold income tax voluntarily from monthly OAS payments.

What Most People Don’t Know

  • OAS withholding is not always enough by default.
  • This can reduce a painful spring balance owing.
  • It is especially useful if you have other taxable income.

Sources