In Canada, the traditional milestone at age 65—when Old Age Security (OAS) and the Canada Pension Plan (CPP) typically begin—no longer guarantees a comfortable retirement. With people living longer, government incentives for delaying benefits, and rising living costs, the decision on when to retire is becoming more flexible. The age of 65 is no longer the automatic choice for Continue reading
Retirement Age
New Pension Reforms In Canada- Is 67 The New Retirement Age Instead of 65?
As Canada enters 2025, the conversation surrounding retirement age and pension withdrawal rules has taken center stage. With an aging population, growing financial pressure on pension systems, and longer life expectancy, policymakers are actively discussing raising the retirement age from 65 to 67 by 2030. This article explores what’s driving these proposals, the specific changes being considered, and how Canadians of all Continue reading