Retirement Drawdown Order Calculator
Compare where one year of retirement cash comes from and how the withdrawal order changes taxable income, incremental tax and OAS exposure.
Choose an order for registered savings, TFSA and non-registered funds. The result shows where the cash comes from, the estimated incremental income tax and possible OAS recovery-tax exposure.
Enter the taxable amount after your own cost-base and inclusion calculations.
After-tax cash
$45,694$50,000 gross withdrawal
Incremental income tax
$4,306Taxable income
$60,000OAS threshold $95,323
Estimated OAS recovery tax
$0Registered
$16,667
TFSA
$16,667
Non-registered
$16,667
This is a one-year tax comparison, not a lifetime optimization. It does not model GIS, pension splitting, age credits, investment returns, mandatory RRIF/LIF minimums or future tax brackets. The OAS recovery-tax estimate assumes the standard age-65-74 OAS pension and caps at that amount — use the OAS clawback calculator for your actual benefit.
What this estimate includes
The calculator applies 2026 federal and provincial brackets to the taxable portion entered. TFSA withdrawals are excluded from taxable income; registered withdrawals are included.
Use the result as a one-year comparison, then test RRIF minimums, OAS clawback and pension splitting with the linked specialist calculators.
Questions this calculator answers
Should I withdraw from a TFSA or RRIF first?
There is no universal order. TFSA withdrawals do not add taxable income, while RRSP and RRIF withdrawals do. However, delaying every registered withdrawal can create larger mandatory withdrawals and OAS recovery tax later.
Does the calculator optimize a full retirement?
No. It compares one tax year. A lifetime plan also needs investment returns, future tax brackets, mandatory withdrawals, GIS, estate tax and longevity assumptions.
Why enter the taxable share of a non-registered withdrawal?
Only the taxable income produced by the withdrawal belongs in the tax estimate. The correct amount depends on adjusted cost base, income distributions and realized gains or losses.
What OAS effect is shown?
The calculator estimates the 15% recovery tax on net income above the 2026 threshold. Actual recovery is reconciled through the tax system and the applicable recovery-tax period.
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