How much is a Canadian pension for a month?

Canada won the first place in "202 1 Best Country in the World". Canada ranks among the best in terms of quality of life, quality of education and welfare. Today, let's take a look at Canada's pension and retirement welfare policy analysis!

1. Pension-that is, the monthly income that Canadian citizens aged 65 or above can receive.

Qualifications:

All Canadian citizens and permanent residents who have lived in Canada for more than 65,438+00 years after reaching the age of 65,438+08, and who are 65 years old or above, can apply.

Pension calculation method is as follows:

According to the number of years after 18, you don't have to retire to get it as a legal resident or immigrant in Canada.

As an adult, people who have lived in Canada for 40 years enjoy a full pension. /kloc-you can enjoy part of it for more than 0/0 years but less than 40 years.

For example, after living in Canada for 25 years as an adult, the monthly pension is 25/40 of the full pension. For the specific calculation method, please refer to the Canadian government pension calculation website:

https://SRV 1 1 1 . services . GC . ca/general information/Index

Application time:

You can start applying six months before you are 65.

If you are a Canadian citizen and permanent resident living overseas, you need to live in Canada for more than 20 years as an adult.

2. Pensions-All Canadians can purchase the "Canada Retirement Plan" while working.

The amount each person will receive is determined by the length of the purchase plan, the size of the amount and when to withdraw it. The government suggests that you submit the application form to the Canadian service agency six months before you want to receive your pension. The form can be obtained from the Income Security Office of the Canadian Department of Human Resources and Social Development where you live or by telephone.

Qualifications:

All those who buy this protection are eligible for a pension after 65. Canadians can get a pension from the age of 60, but they have to pay a small fine. If they delay the collection, the monthly amount may increase slightly.

(1) If you choose to receive a pension at the age of 65, you can start to receive a pension one month after your 65th birthday. The amount received is 25% of the average monthly payment income during the payment period. After you start to receive a pension, you don't have to stop working, but you no longer need to contribute to the Canadian pension plan. The pension amount will be adjusted every year according to the living index.

(2) Those who choose to receive a pension between the ages of 60 and 64 will receive less pension than those who choose to receive a pension at the age of 65, and they will receive 0.6% less each month in advance. You need to stop employment or start your own business all or most of the time before the end of last month. It means that your income cannot exceed the maximum pension that a 65-year-old retiree can receive at present, and you will get 36% less 60 years earlier.

(3) People who choose to receive a pension between the ages of 65 and 70 will get more money at the age of 65, and then increase it by 0.7% every month, which is 8.4% a year. For example, when a person is 60 years old, he can get 1 000 Canadian dollars a month. If he can wait until he is 70, he can get 2350 Canadian dollars a month.

Canada's pension plan includes the following benefits:

(1) General pension: paid monthly to retirees over 60 years old;

(2) Disability allowance: paid monthly to disabled persons under the age of 65 and their dependent children;

(3) Survivor's allowance: It includes a lump sum death allowance and a monthly allowance for surviving spouse or cohabiting partner and dependent children.

Distribution form:

Pensions are paid to you by cheque or automatically transferred to your designated account every month, and are usually received within the last three days of each month. Even if the applicant does not live in Canada, he can receive a pension until his death.

The perfect pension system makes millions of immigrant applicants choose Canada, which is one of the reasons why Canada can become a traditional immigrant country. Are you also moved?