Government Income Security Programs


In Canada, the federal government provides a minimum level of retirement income from the perspective of the country's retirement system built on the three pillar approach. The adequacy of government programs cannot be assessed in isolation, as they are only intended to provide part of the overall individual's retirement security. The programs were developed based on the assumption that employer-sponsored pension and personal retirement savings would also be available to provide a significant additional source of retirement income.


All three pillars were envisioned to work together. Those who choose to depend solely on government benefits will be in serious trouble when they reach retirement age and find out that they only have a very basic level of financial security and little disposable income to live on.


Type of programs include:

  • Canada Pension Plan

  • Old Age Security

  • Guaranteed Income Supplement

  • The Allowance (includes the Allowance for the Survivor


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