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Canada Increased Old Age Security By 10% Permanently


Economy

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https://www.mystratfordnow.com/92407/ottawa-permanently-increasing-the-old-age-security-pension-for-the-first-time-since-1973/

 

Old Age Security is a flat rate supplement to retirement every Canadian gets starting at age 65 regardless of how much they worked. It is automatically adjusted for inflation annually

 

A permanent change is being made with an extra boost of 10% (in addition to inflation adjustments) for those aged 75 and higher acknowledging that the older ones are more likely to face higher medical expenses that strain their budgets

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