By July 16, 2013 Read More →

Canadian Retirement Infographic

With an aging population and fewer workers to support seniors, learn more about the future of a Canadian Retirement in this infographic.

The cost to fund the Old Age Security program will rise from $38 billion in 2012 to $108 billion in eighteen years in 2030 while the number of workers for every senior will decrease from four to two over the same period.

The federal government increased the age of eligibility for the OAS pension from age 65 to 67 in the 2012 budget. This change will  start in 2023 and be phased in gradually over six years and will affect those Canadians who were 54 or older as of March 31, 2012.

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