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Old Age Security (OAS) is a monthly payment available to qualifying citizens and permanent residents of Canada who are 65 years old and older. Authorized by Section 94A of the Constitution Act of 1867, [1] the program is defined by the Old Age Security Act (R.S.C., 1985, c. O-9). [2] Implementation is the responsibility of the Minister of ...
The Canadian federal budget for the fiscal years of 2023–24 was presented to the House of Commons by Finance Minister Chrystia Freeland on 28 March 2023. [2] The budget was meant to reflect Prime Minister Justin Trudeau 's stated policy objective to "make life more affordable for Canadians" [3] while also reducing government expenditures.
Century Initiative. The Century Initiative [a] [2] is a Canadian charity that aims to increase Canada's population to 100 million by 2100. [3] The Century Initiative was co-founded by Mark Wiseman and Dominic Barton, who also led the Advisory Council on Economic Growth under three-term Prime Minister Justin Trudeau.
The Canada Pension Plan ( CPP; French: Régime de pensions du Canada) is a contributory, earnings-related social insurance program. It forms one of the two major components of Canada 's public retirement income system, the other component being Old Age Security (OAS). Other parts of Canada's retirement system are private pensions, either ...
As of 2023 employees get around 38% of their last salary as a pension, according to Reuters. Canada: OAS and CPP Retirement contributions in Canada equal 11.9% of a salary, split between employee ...
The Canada Pension Plan Investment Board (CPPIB) is a Canadian Crown corporation established by way of the 1997 Canada Pension Plan Investment Board Act to oversee and invest the funds contributed to and held by the CPP. As of December 31, 2022, the CPP Investment Board manages over C$ 536 billion in assets under management for the Canada ...
The 2023 Canadian federal worker strike was a strike by Canadian federal workers who are members of the Public Service Alliance of Canada (PSAC). The strike took place between April 19 and May 3, 2023, although the Treasury Board bargaining units ended their strike on May 1. The strike was the culmination of more than a year of collective ...
The economy of Canada is a highly developed mixed economy, [34] [35] [36] with the world's tenth-largest economy as of 2023, and a nominal GDP of approximately US$ 2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy. [37]