[Consultant32452]

I'm not familiar with Canada's public pensions. Do you know the difference between them and US social security?

[a-priori]

We have basically three programs to provide income to retirees:

1) Canada Pension Plan, a worker-funded defined benefit pension managed by the government via an arms-length investment board.

2) Old Age Security, a guaranteed income program for everyone 65 and older.

3) Registered Retirement Savings Plan, an income tax sheltering program where you can contribute up to 18% of your income into registered accounts and have the contributions deducted from your taxable income. This gets drawn down during retirement for income.

[Scoundreller]

I’m not sure what he’s talking about. We have a social security equivalent, and then you may have an employer pension.

Private companies have mostly stopped their pensions. Government employees usually have pensions, and they’re very well managed.

[seanmcdirmid]

https://en.wikipedia.org/wiki/Canada_Pension_Plan