Home > Mature workers, Uncategorized > Canadian Pension Updates – as of April 16, ’12

Canadian Pension Updates – as of April 16, ’12

The age to receive OAS, old age security, has been increased from 65-67. You can also choose to defer taking your OAS until much later thereby increasing it.  If the legislation passes, you can start deferring as soon as July 2012. The Star gives the example “Rita who turns 65 in December 2013, plans to work for as long as she can. She ops to work until 70. Here pension will then be $8,814, rather that $6,481 (in 2012 dollars).

For all recent updates go to:

canada-pension-plan-changes

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