Various benefits and subsidies for emigrating to Canada after retirement.

Most people immigrate to Canada because of the generous welfare system here, in order to let children receive a better education, pursue a better life and realize a sense of security. So what benefits will you enjoy after decades of hard work? Can the pension you receive guarantee worry-free old age? In this regard, we comprehensively refer to the relevant policies issued by the government and sort out the above problems. In Canada, the legal retirement age is 65, and only residents who have lived here for more than 10 are eligible to participate? Welfare protection scheme for the elderly? (Old Age Security Scheme). One thing to note is, pension? OAS (Old Age Security for short) is not automatically paid by the government after you reach retirement age, but you must apply for it yourself. ? Pension? The amount depends on the number of years the applicant has lived in Canada. General allowance (allowance) and widow's allowance (survivor's allowance).

Allowances are paid to spouses of residents receiving old-age pensions and poverty allowances. Their spouses are between 60 and 64 years old. After reaching the age of 65, this allowance will be abolished and replaced by pension and poverty allowance.

Widowed elderly people aged 60 to 64 can receive survivor's allowance. After the age of 65, this allowance will also be abolished and replaced by a pension.

Old age pension

Pensions are paid monthly by the federal government. /kloc-Canadian citizens who have lived in Canada for ten years after the age of 0/8 are eligible to receive a pension at the age of 65. In addition, citizens must apply to the government for a pension within 12 months before their 65th birthday.

Older people who have reached the age of 65 and lived in Canada for 40 years can apply for a full pension, which reached 487.54 Canadian dollars in March 2006. Every year you live in Canada, the pension amount will decrease 1/40.

Some citizens who have lived in Canada for less than 10 years can also enjoy the old-age pension, provided that the country of origin of the residents has signed a contract with Canada? International social security agreement? . For example, an elderly immigrant who has worked and lived in the United States for four years and then immigrated to Canada will be eligible for an old-age pension when he reaches the age of 65 six years later. Immigrants from China, Korean, Russian, Afghan, Iraqi and Mexican countries do not enjoy the above privileges.

For citizens who immigrate from Canada, as long as they live in Canada for 20 years after the age of 18, they can still receive pensions after the age of 65.

Guaranteed income subsidy

Older people who are eligible for pensions can receive poverty allowances according to their own income. The higher the income, the lower the poverty allowance. The criteria for receiving poverty allowance are: the annual income of single elderly people is less than $65,438+$04,352 (excluding pension); Both husband and wife receive pensions with an annual income of less than $65,438+$08,864; Only one of the couple receives a pension, and the annual income should be less than $34,560.

Other social assistance

British Columbia's Human Resources Department will provide appropriate social assistance based on income, personal assets, housing costs, etc. Older people who have reached the age of 65 and are eligible for pensions and poverty allowances.

Above? Welfare protection scheme for the elderly? It is only a part of Canada's retirement system, and the government has also launched the Canada Pension Plan (CPP), which means that workers earn more before retirement and work long hours, and naturally get more after retirement. In addition, individuals can also participate in investment pension plans, such as RRSP and RPP. Of course, when measuring how much poverty allowance (GIS) you get, this part of the investment is calculated according to income.

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