Thousands of Canadians missing out on pension benefits
While it’s not Greece, Canada is still fairly comfortable place to retire.
A working couple who is retiring today at age 65 after earning the average industrial wage throughout their careers will receive a combined annual Canada Pension Plan and Old Age Security pension of about $36,000, indexed for life.
That’s a significant amount of retirement income – which makes you wonder why so many people never get around to collecting so much of it, says consumer advocate Richard Shillington.