Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.
In Canada, a wide range of benefits and credits are available to help seniors manage their finances, with eligibility depending on age, income, and residency. This guide explains who is eligible for senior rebates in Canada and how to access these financial supports, which vary between federal and provincial levels.
While Canada has no federally mandated retirement age, the average Canadian retires around age 65 [1.5.1]. So, what is the retirement age in Canada? The answer lies in understanding the key ages for government benefits like CPP and OAS.
For 2025, the maximum income an individual aged 65–74 can earn before their Old Age Security (OAS) is completely clawed back is $151,668. This maximum income to qualify for OAS in Canada is not a strict cutoff for receiving benefits, but a threshold where the pension is reduced for higher-income seniors. The clawback, or recovery tax, is calculated based on your net income.
According to the Government of Canada, Old Age Security (OAS) is a monthly pension available to most people aged 65 and older, while the Guaranteed Income Supplement (GIS) is for low-income seniors. This guide explains exactly how is GIS different from OAS, ensuring you understand your full entitlement.
According to the Canada Revenue Agency, 2025 marks the final year of legislative updates for the Canada Pension Plan (CPP) enhancement program, which began in 2019. This means that anyone wondering **What are the changes to CPP payments in 2025?** should be aware of key developments regarding higher pensionable earnings limits and adjustments to survivor and disability benefits.
