Retirement Pensions and Benefits
Canada Pension Plan and Old Age Security
Almost all of today's seniors receive income from Canada's public pensions: the Canada Pension Plan (CPP) and the Old Age Security (OAS) program. Together, the CPP and OAS provide a modest base upon which Canadians can build their retirement income.
Social security agreements are used to co-ordinate the operation of OAS and CPP with the comparable programs of other countries providing old age, disability, and survivor pensions.
People who are unable to work because of a severe and prolonged disability may be eligible to receive financial assistance through the Canada Pension Plan Disability Benefit. Individuals do not need to be retired to apply for this benefit.
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