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Shimokitazawa
Joined: 16 Aug 2009
Posts: 458
Location: Saigon, Vietnam
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 Posted: Thu Mar 31, 2011 2:28 am Post subject: |
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| yamahuh wrote: |
| Shimokitazawa wrote: |
So, not all Canadians are automatically entitled to the Canada Pension Plan at 64? I thought all Canadians received a pension at 64 and that it didn't matter if you were a housewife all your life or a guy working for a company for 30 years. Does Canada have some kind of pension like that? |
Yes.
The Old Age Security pension is a monthly payment available to most Canadians aged 65 or older. You must apply to receive benefits. If you meet the eligibility requirements explained below, you may be entitled to receive the Old Age Security pension even if you are still working or have never worked.
We look at three factors to determine if you can receive the Old Age Security pension: your age, your legal status, and the number of years you have lived in Canada.
If one of the two scenarios listed below describes your situation, you may be eligible to receive the Old Age Security pension.
Scenario 1 - People living in Canada
�You must be 65 years of age or older.
�You must live in Canada and be a Canadian citizen or a legal resident at the time we approve your pension application.
�You must have lived in Canada for at least 10 years after turning 18.
Scenario 2 - People living outside Canada
�You must be 65 years of age or older.
�You must have been a Canadian citizen or a legal resident of Canada the day before you left Canada.
�You must have lived in Canada for at least 20 years after turning 18. |
Yamahuh,
Thanks for the explanation. I'll pass this on to my coworker. He was a bit shaky on the details when he told me about it, mainly because he had not actually tried to do it but only heard about it. I'm sure he'll find this information interesting. |
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yamahuh
Joined: 23 Apr 2004
Posts: 1033
Location: Karaoke Hell
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| Posted: Thu Mar 31, 2011 2:41 am Post subject: |
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| You're welcome - but honestly, a quick search on the internet will give your co-worker all the info he needs and then some. Type Canada Pension Plan or OAS Canada into google and he's away. |
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