Old Age Security, or OAS, is Canada’s government pension program to support individuals in their retirement. Unlike the Canada Pension Plan (CPP) – more on that in another video – you do not need to have paid into it to qualify. OAS is funded by tax revenues and is available to most Canadians once they reach age 65.
Join Chris and Reid as they discuss some of the nuances with the program as well as some general thoughts around OAS and its place in wealth planning.