Planning for retirement is an important part of financial well-being. The Government of Canada provides various pension programs and resources to help you prepare for your post-work years. Whether you are just starting your career or nearing retirement, understanding your pension options is crucial for achieving your long-term goals.
The CPP is a contributory, earnings-related social insurance program that provides a basic level of income replacement for workers and their families when the worker retires, dies, or becomes disabled. We provide information on how to contribute to the plan, how to apply for benefits, and how much you can expect to receive based on your earnings history and the age at which you begin receiving benefits.
The OAS program is the largest pension program in Canada and is funded by general tax revenues. It provide a monthly payment to seniors aged 65 and older who meet the Canadian legal status and residence requirements. We offer guidance on eligibility, the application process, and additional benefits such as the Guaranteed Income Supplement (GIS) for low-income seniors.
In addition to public pensions, many Canadians participate in employer-sponsored pension plans or use individual savings tools like Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs). We provide information on the tax advantages of these plans and how they can supplement your public pension income to provide a more comfortable retirement.
We offer a variety of tools and resources to help you plan for your retirement. This includes pension calculators, financial planning guides, and information on the non-financial aspects of retirement, such as healthcare and housing. By taking advantage of these resources, you can make informed decisions about your financial future and enjoy a secure and fulfilling retirement.