OrangeStreak
Well-Known Member
- First Name
- Paul
- Joined
- Aug 18, 2020
- Threads
- 32
- Messages
- 3,195
- Reaction score
- 13,997
- Location
- New Mexico
- Vehicle(s)
- 2020 SCab STX 4X4 Towing Pkg. BFG K02's 265/70/17
- Occupation
- Retired. MTS. ANG veteran. 2nd Amendment supporter.
It’s pretty good - there’s the Canada Pension Plan (CPP) that everyone who works pays into through payroll deductions (a very small contribution) and it can be collected at 60 or 65. There is also the Old Age Security (OAS) that we get at 65, whether we’ve worked or not.
They are modest amounts that are meant to help in retirement and not replace savings plans, retirement plans or company/union pensions. Together, they average around $650-700/mth each.
If you’ve properly saved and prepared for retirement, it’s like getting an extra free $1,400/mth just for watching a lot of hockey, loving maple syrup, singing God Save The Queen in school as a kid, and drinking Tim Hortons coffee. Not bad!
Thanks, we can start hanging out at Tim Hortons all day when your time comes.
Sponsored
jokes aside, it will be an absolutely wonderful new journey for both of you