The average amount paid each month for a new retirement pension at age 65 in April 2024 was $816.52. You can calculate an estimate of your contributions in your My Service Canada Account.

Here’s how Canada’s Old Age ... a high-income senior whose Old Age Security would be fully clawed back, find out if you should still apply. Working in retirement? Beware clawbacks.

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...

How much money you need to save for retirement ... via Getty Images It's an age-old question that Canadians frequently ask: how much money do you actually need to retire? An early 2024 survey from BMO ...

For most retirees, Social Security forms the backbone of their income. In 2024, the average monthly benefit is about $1,900, ...

The average can be skewed by extremely high-earning individuals with millions saved for retirement, while the median is the ...

Is there a right age to retire? The conventional belief is that retirement occurs at age 65. But is this notion still true? In this week’s episode of Money Glow Up, host Tiffany Aliche is joined by ...

In an increasingly complex world, the Financial Post should be the first place you look for answers. Our FP Answers ...

Baby boomers have the largest IRA balances, with over $250,000 on average. Gen Z has the smallest balances, which makes sense ...

The retirement ... retirement age will see the amount increase each year up to age 70. In 2025, the cost-of-living adjustment has also been updated to 2.5 percent. That means the average monthly ...

The average retirement age in 2011 was 61.3. Today ... unless requested otherwise. The Canada Child Benefit remains unchanged from June, at a maximum of $3,322 per child, paid monthly, usually ...

Someone retiring at 62 – the current average retirement age – may need savings to last over two decades, especially if they plan to maintain the same lifestyle they had before retirement.