Old age security
 

Hi
My wife and i got our permanent resident card in May 2011 and moved to Canada on the 24th of December. We have been permanent residents ever since. I believe we can get OAS.after ten years.Does the ten years start from when we got our PR cards
in May or when we started to reside in Canada permanently on Dec 24th. Thanks.

Re: Old age security
 

Should be the date you landed. From the websiteIf you are living in Canada, you must:

• be 65 years old or older
• be a Canadian citizen or a legal resident at the time we approve your OAS pension application, and
• have resided in Canada for at least 10 years since the age of 18

https://www.canada.ca/en/services/be...igibility.html

Re: Old age security
 

From one lancastrian to another thank you.

Re: Old age security
 

Good to see you are still in the land of the living Big Ron! Stay well..

Re: Old age security
 

Yep still here and still kicking, Lived in Niagara on the Lake for nearly 10 yrs now.

Re: Old age security
 

Curious to know how much basic OAS might be. I would like to compare with the pension in other jurisdictions I know.

Re: Old age security
 

Re: Old age security
 

BigRon

we didn't have any worries about time spent since we took up residence in Canada, but if I remember correctly, and if things have not changed .......

I took early retirement, and had to apply for CPP. But I then received a notice that I was eligible for OAS about 6 months before my 65th birthday, along with calculations of how much I would get based on my earnings and length of time working.

Re: Old age security
 

If you have a partial OAS pension apply for GIS too as the max income set is different for partial.

Re: Old age security
 

There isn't really a basic rate. It's also based on how many years one has lived in Canada - the maximum is payable if you've lived here 40 years. It's not contributory, that would be Canada Pension Plan (CPP) which would be more like NI and state pension.

But if you use the tables in that link Js provided and start as if you have zero income, you can identify the OAS rate you would get. It does, however, only give the maximum rates. If you've not lived in Canada for 40 years you get a pro-rata rate, similar to the UK if you haven't got a full contribution record for state pension. You could say that each year living in Canada equalled a year's worth of NI. But only for OAS, not CPP. :blink:

I have an idea that something like $70,000 (CPP and/or other income) is the cut off point for OAS.

But that's not the end of it. :lol: You can also get Guaranteed Income Supplement if you get OAS and those are in the tables following the same link.

I'll bet you wish you never asked. :rofl:

If you want to see what the minimum incomes are in retirement - comparing it, say, to Pension Credit levels - then you follow that link, assume full 40 year residence and no other pensions. It will then tell you what OAS you'd get and then you use that income to identify what GIS you'd get on top.

Re: Old age security
 

Time for bed. This is too much for my tired brain.