How much does OAS increase per year if delayed from 65 up to 70?

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Multiple Choice

How much does OAS increase per year if delayed from 65 up to 70?

Explanation:
The increase comes from deferring OAS, which grows by 0.6% for each full month you delay past age 65, up to age 70. That works out to 0.6% × 12 months = 7.2% for each year of deferral. So if you delay from 65 to 70, you’re looking at 7.2% more OAS for each year of deferral, totaling 36% if you delay the full five years.

The increase comes from deferring OAS, which grows by 0.6% for each full month you delay past age 65, up to age 70. That works out to 0.6% × 12 months = 7.2% for each year of deferral. So if you delay from 65 to 70, you’re looking at 7.2% more OAS for each year of deferral, totaling 36% if you delay the full five years.

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