Questions tagged [old age pension]

Carolina Tue Jul 23 2024 | 7 answers 1916

As a financial professional, I often encounter inquiries regarding various pension systems across the globe. One such inquiry that piques my interest is: "How long do you have to live in Canada to get an old age pension?" This question delves into the eligibility criteria for one of Canada's key social security programs, aimed at providing financial support to seniors. Understanding the residency requirements is crucial for individuals planning their retirement in Canada, whether they're immigrants or long-term residents. The answer typically involves a combination of factors such as age, residency duration, and contributions made to the system.