Office of the Superintendent - Pension Commission
Retirement Income Sources in Canada
In Canada, the responsibility for providing workers with retirement income is divided among governments, employers or unions, and individual workers.
- Public Income Programs and Public Pensions - mandatory (required by law)
- Old Age Security (OAS) and Guaranteed Income Supplement (GIS) Program
- Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP)
- Employer-sponsored Pension Plans - voluntary
- Workplace or Registered Pension Plans (RPPs)
- Group Registered Retirement Savings Plans (RRSPs)
- Individual retirement plans are - voluntarily
- Registered Retirement Savings Plans (RRSPs)
