First Reference company logo

First Reference Talks

News and Discussions on Payroll, HR & Employment Law

decorative image

GIS

Federal budget 2012 – don’t forget the Old Age Security changes!

Effective, April 1, 2023, with full implementation by January 2029, the eligibility age for Old Age Security (OAS) is increasing to age 67 from 65 to reflect the reality that Canadians are living longer and healthier lives, and intending to keep working and delay retirement. In line with the increase in age of OAS/GIS eligibility, the ages at which the allowance and the allowance for the survivor are provided will also gradually increase from 60–64 today to 62–66, starting in April 2023.

 

, , , , , , , , , ,