Goodbye to Retiring at 65 - The New Age For Collecting OAS & CPP Changes Everything In Canada

Goodbye to Retiring at 65 — The New Age for Collecting OAS & CPP Changes in Canada

The title “Goodbye to Retiring at 65” reflects changing attitudes towards aging and work. People now live longer, healthier lives and rethink retirement as a flexible, personalized journey rather than a fixed milestone.

Many pursue part-time careers, passion projects, or keep working into their 70s for financial security, purpose, or enjoyment. Society is moving away from the traditional idea of retirement at 65, embracing a more fluid approach where individuals choose when to exit the workforce.

While some opt for early retirement to enjoy leisure, others stay active by working longer or earning extra income.

Politicians suggest that reforms to the Old Age Security (OAS) and Canada Pension Plan (CPP) might shift the typical retirement age closer to 67. However, nothing has been finalized yet.

Retirement today is increasingly about personal choice, based on individual needs and lifestyle goals, with ongoing discussions about adjusting benefits linked to OAS and CPP.

Author's summary

Retirement in Canada is evolving beyond the age of 65, with flexible options and potential benefit reforms reflecting a personalized approach to aging and work.

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Aeromagonline Aeromagonline — 2025-11-03

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