Pension problems in Canada

Old age security pension-If you are a Canadian citizen or legal resident over 65 years old and have lived in Canada for 10 years, you can get a full pension. If you do not meet the living conditions for receiving a full pension, you can still receive a partial pension. If you come from a country that has signed a social security agreement with Canada, and you have lived in both countries for at least some time, you are eligible to apply for a pension. In some cases, even if you leave Canada, you can still get a pension.

Canada Pension Fund-Anyone who pays pension tax while working can apply for a pension between the ages of 60 and 70. Canada's retirement plan is implemented in all provinces except Quebec. The Canadian retirement plan is a public insurance plan. Canadian residents who deduct a certain amount of pension contributions from their monthly income can get subsidies through this scheme after retirement or long-term physical disability. Pensions must be taxed, and applicants can get pensions anywhere in the world. Quebec has its own plan, called Quebec retirement plan.