A stronger retirement system means more money for seniors now and in the future

Canada has a diverse and growing seniors’ population with approximately 4.8 million people who are 65 years old or older. In 2015, for the first time in Canadian history, the number of Canadians aged 65 and older outnumbered the number of children 14 and younger. The Government of Canada is working to capitalize on opportunities, address the challenges, and provide the support that our growing population of seniors needs through a range of programs and policies.

By restoring the age of eligibility for Old Age Security (OAS) and the Guaranteed Income Supplement (GIS), as well as enhancing the Canadian Pension Plan (CPP), the Government of Canada has taken decisive action to increase retirement income security for current and future seniors. The Government:

The Government of Canada places enormous value on the contributions seniors have made – and continue to make – to our country. And we will continue to actively support and promote seniors’ well-being and access to a dignified and secure retirement.

Read the full news release here.