Ostroff, Fair and Company
*Ostroff, Fair and Company>>>Canada Taxes

What can you tell me about retirement in Ontario (or all of Canada if it's standard)?


Specifically, what is the retirement age? Is it fixed? Also, how much of a pension do you get, or if that's not fixed, how is it calculated? I can't find anyone who seems to know the answers to these questions.

Thanks in advance!

(note: I know I've misplaced this question but it was the closest I could get!)

There is no law or regulation imposed by governments that require workers to retire at 65. Rather, in provinces where mandatory retirement is still a reality, there is no law preventing an organization from forcing someone to retire at 65. (Ontario is, however, planning to legislate against mandatory retirement. For a look across provincial jurisdictions, visit www.hrreporter.com, select "Advanced Search," and enter article #3461.)

Your pension is based on a number of individual variables.

Go to www.gov.on.ca for more information and phone numbers you can call.
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