So there it is: 67. Retirement at 67 years, that is.
Today, the Canadian finance minister Jim Flaherty delivered the budget and announced what has been hinted at for awhile. The age of eligibility for Old Age Security will rise gradually to 67 from 65
starting in 2023.
No worries for those who turn 55 after March 31. But for everyone else, I have some advice based on my experience as a reluctant 67 year old retiree.
Make sure that you are in a job that you really, really love. Then you'll hardly notice the passing years and OAS won't seem like such a big deal. You might even want to work a little longer.
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