Pensions help not only provide retirees with the financial support they need but also provide a benefit to the overall economy.
A revised agreement on social security between Canada and Norway came into force at the beginning of the year.
The benefit rates for the Canada Pension Plan and old age security are increasing, according to Employment and Social Development Canada.
Reforming old age security (OAS) by changing the income level at which seniors are eligible and reducing the amount clawed back from seniors still in the work force would allow the government to better assist low-income seniors, says a study published by the Fraser Institute.
Employment and Social Development Canada says the basic old age security pension benefit will increase by 0.2% to $550.99 per month for the maximum benefit from Oct. 1 to Dec. 31, 2013.
A Windsor, Ont., woman has pleaded guilty to defrauding the federal government by collecting Canada Pension Plan and old age security benefits over 14 years.
At last week’s Council of the Federation meeting, Canada’s premiers discussed the retirement income system and the importance of continued efforts to ensure future seniors are able to retire with secure and adequate income.
Canada’s seniors now have the option to delay receiving their old age security for up to five years past the age of eligibility.
In Canada, there has been a lot of talk about the current public retirement system and how it should be improved. But how does Canada’s program shape up against others?
An NDP government would reverse changes to Old Age Security (OAS) by restoring the retirement age to 65 instead of 67, New Democrat Leader Thomas Mulcair said Friday. Speaking at a town hall meeting sponsored by the seniors’ organization CARP, Mulcair said the NDP would kill the changes within its first year of forming a […]