HLTHAGE 1BB3 Lecture 7: 1BB3 Income in Later Life

• School: McMaster University
• Department: Health, Aging and Society
• Course: HLTHAGE 1BB3
• Professor: Yvonne Leblanc

Document Summary

Anti-poverty in 1952 pensions started after wwii when people were so poor. Fairness decrease in inequality, so there are no extremely wealthy compared to. Income replacement to give you a portion of the income you used to have horrible poverty. Old age security pension if u make over ,000, will not receive oas. If you make over 70,000, the government will start reducing it. Have to have lived in canada for 20 years from age 18 and older to quality. If you move for a few years in the middle you will not lose it, as long as the country you are moving to have a service agreement with canada. Guaranteed income supplement a month, you must be 65 years of age, and be eligible for the oas, income levels are based on individual level, or partnership level. If you are unmarried the combination will probably be about. k and with a spouse can be up to k.