Seniors Canada On-line
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Canada's Trusted Information Source for Seniors, Caregivers, Families and Service Providers.
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Retirement
Retirement Planning
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Canadian Retirement Income Calculator
The Government of Canada has developed this calculator to help you plan for retirement. The calculator takes you step by step through an estimate of the ongoing income you will receive throughout your retirement.
Source : Human Resources Development Canada
Facts about the Child Rearing Drop-out Provision, Canada Pension Plan
This Web page gives information on the Child Rearing Drop-out Provision. Months of low or zero earnings spent caring for your child under the age of seven may be excluded from the calculation of your pension. This ensures that reduced earnings during the first seven years of your child's life will not result in lower pension benefits in the future.
Source : Service Canada
Gradual retirement
Phased or gradual retirement allow older employees, usually with long service records, to progressively reduce their working time and workload over a period of time instead of abruptly shifting from full-time employment to retirement.
Source : Human Resources and Skills Development Canada
Planning Your Retirement
This site provides information on Canada's retirement income system: the Old Age Security Program, the Canada Pension Plan and private plans that include employer sponsored plans, the Registered Retirement Savings Plan and other private savings.
Source : Social Development Canada
Prepare for Retirement
A collection of resources to help you prepare for your retirement.
Source : Jobs, Workers, Training, and Careers
No information found for British Columbia on this subject.
The following links, however, may be of interest:
Canada
Allowance for the Survivor
If you are between 60 and 64, have a low or modest income, and your spouse or common-law partner (same sex or opposite sex) has died, you may qualify for the Allowance for the Survivor.
Source : Social Development Canada
Allowance Program
If you are between 60 and 64, and your spouse or common-law (same sex or opposite sex) partner receives the Guaranteed Income Supplement, you may be eligible for the Allowance. The Allowance is a monthly benefit that helps bridge the income gap until you reach 65.
Source : Social Development Canada
Allowance Program
The Allowance is a monthly benefit for low-income seniors (aged 60-64) whose spouse or common-law partner is eligible for, or currently receiving, the Old Age Security (OAS) pension and the Guaranteed Income Supplement.
Source : Service Canada, Processing and Operations
Canada Pension Plan Forms
Canada Pension Plan forms listed by title.
Source : Social Development Canada
Canadian Residents Going Down South
If you spend time in the United States for health reasons or on vacation and still maintain residential ties in Canada, this pamphlet will explain certain income tax requirements and American tax laws that mat apply to you.
Source : Canada Revenue Agency
Contact Income Security Programs
This Web page provides information on contacting Social Development Canada by phone, mail, e-mail and in person.
Source : Social Development Canada
Eligible Capital Property - Rules Where a Taxpayer has ceased carrying on a business or has died
Eligible Capital Property - Rules Where a Taxpayer Has Ceased Carrying on a Business or Has Died
Source : Canada Revenue Agency
Mandatory Retirement and the Canadian Human Rights Act
The present study consists of four parts. Part I examines the key substantive issues involved in the debate on whether or not mandatory retirement policies should be eliminated and replaced by flexible retirement policies. Part II presents data on the incidence of mandatory retirement policies among organizations in the federal sector and the perceived impact of eliminating these policies. Part III provides an analysis of the current legal situation concerning mandatory retirement in Canada. Finally, Part IV outlines some policy options for amending the CHRA's provisions concerning mandatory retirement and provides a brief commentary on these options.
Source : Government of Canada. Department of Justice Canada.
Old Age Security Payment Rates
The chart on this site, provided by Social Development Canada, shows the maximum and average monthly rates for Old Age Security benefits, as well as the maximum annual income to be eligible for these benefits. These rates are reviewed quarterly to reflect increases in the cost of living as measured by the Consumer Price Index.
Source : Service Canada
Phased Retirement
Phased retirement is broadly defined as any program allowing for gradual decreases in working time and workload instead of an abrupt move from full-time employment to retirement.
Phased retirement may take one of two forms: a pre-retirement gradual reduction in hours (or days) of work or post-retirement part-time work for pensioners who wish to remain employed.
Source : Human Resources and Skills Development Canada
Pre-retirement Leave and Vacations
Pre-retirement leave or vacations can help ageing employees prepare for retirement and facilitate the work-to-retirement transition, by providing them with a "retirement rehearsal" before leaving their jobs.
Source : Human Resources and Skills Development Canada
Principal Residence IT-120R5
This bulletin discusses the principal residence exemption, which can eliminate or reduce (for income tax purposes) a capital gain on the disposition of a taxpayer's principal residence.
Source : Canada Customs and Revenue Agency
Request a Personal Access Code
Access Code (PAC). Your PAC is required to view and update your personal information related to your Canada Pension Plan (CPP) and Old Age Security (OAS) benefits.
Source : Social Development Canada
Retirement Abroad
This booklet provides information on important issues such as immigration and citizenship, taxation, health care and real estate for both permanent and seasonal international retirements.
Source : Department of Foreign Affairs and International Trade
Retirement Planning
This Web page discusses general issues one might consider when thinking about one's retirement.
Source : Government of Yukon. Public Service Commission.
Retirement planning: General Information
Social Development Canada Web Site. Links to information about Retirement planning.
Source : Social Development Canada
Retirement Preparation Programs
There are programs offering help to workers nearing retirement in areas such as health care, financial planning, housing arrangements, life adjustments, legal matters, organization of leisure time and job finding skills for a second career. These may help older workers prepare for new challenges while alleviating possible anxiety.
Source : Human Resources and Skills Development Canada
Retiring mandatory retirement
General information on retirement, researched by the Canadian Broadcasting Corporation.
Source : Canadian Broadcasting Corporation
RRSPs and Other Registered Plans for Retirement
Use this guide if you want information about registered pension plans (RPPs), registered retirement savings plans (RRSPs), or registered retirement income funds (RRIFs). This guide has information that is not in your income package that you may need to complete your return.
Source : Canada Customs and Revenue Agency
Services for Seniors Guide
Services for Seniors is a guide to more than 120 programs and services provided by the Government of Canada. It covers everything from income support to housing, health and safety issues
Source : Service Canada
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