Canada Raises Retirement Age: OAS & CPP Changes Transform Benefits
Canada’s retirement landscape is undergoing significant changes. With new updates to the Old Age Security (OAS) and Canada Pension Plan (CPP) programs, the traditional retirement age of 67 is no longer the standard. Seniors, policymakers, and financial planners across the country are now rethinking retirement timing, income strategies, and long-term financial planning. This article provides a detailed guide on how these changes affect Canadians, eligibility rules, payment schedules, financial planning tips, and broader economic implications. Overview of OAS and CPP …