Has Service Canada reached an agreement that social security contributions (paid in the U.K.) can be charged on their 20-year requirement, or do you have to have lived and worked in Canada for 20 years to obtain the OAS abroad? Hello. I am Canadian and have worked in Quebec for 40 years. I have been living in the United States for 6 years and plan to return to Canada. When I apply for my Quebec pension, do you know if what I contributed to the U.S. Social Security will be used to calculate my last pension benefit in Quebec? While these two objectives are important, this article will focus only on how agreements fill gaps in coverage. “Our government is committed to ensuring the retirement security of Canadians, whether they have lived or worked in Canada or abroad. This agreement demonstrates the ongoing spirit of partnership and cooperation between our two countries and recognizes the valuable contribution of the Indokanaks to strengthening Canada. Hello Carolyn – With 5 years of maximum contribution to the CPC, your CPP pension at age 65 is about $142 per month. If you were in Canada for 5 years, your OAS at age 65 would be approximately $73 per month (5/40th of the full OAS of $583.74) if you qualify under the agreement. However, it may be advisable to delay your OAS until the age of 70, as it will double during these 5 years and you will be “breakeven” at 75 years. Doug. I was born in Canada, moved to Europe at a young age and had my first professional experience in Italy from 1981 to 1984, 3 and a half years.
Then he returned to Canada and has been working here ever since. Can I transfer the years of work to Italy to Canada to be part of my QPP (i.e. Quebec)? If not, do I have other options? Hello Michael – I`m sorry, but my expertise is really limited to CPP and OAS services and understanding the impact of these international agreements on social security on the right of people to benefit from these two programs. I am pleased to hear that my article has helped you become aware of your AVANTAGES in the United States. RESOLVED to cooperate in the area of social security, the Canadian government`s international social security conventions cover only old age security and Canada`s pension benefits. If you have contributed to the PQ, but not to the CPC, please contact the Quebec Pension Plan. I receive a military pension from a country (India) that does not have a social security agreement with Canada. Will this have an impact on my OAS and GIS rights Other questions I have asked are whether Canada has a social security agreement with Hong Kong in accordance with British regulations (before 1997), whether it is applicable and would help it meet the 10 years of legal stay in Canada to bring together the OAS? Hello, Doug, I moved from Romania to Canada in 1996. Canada has signed social security agreements with Romania.
I am 59 years old and intend to retire at 65. I have a question about the postponement of the OAS; Most of the available information indicates: For each month of “valid” deferral, your OAS pension is increased by 0.6%. The maximum time is 5 years, which would increase your OAS pension by 36%. I am a U.S. citizen and Canadian permanent resident who worked in the United States for 17 years before moving to Canada with my family in 2012. I intend to leave the CPC full-time next year with 5 years of contributions. Assuming that I could use my work history in the United States to obtain eligibility under the U.S.-Canada agreement, how would my benefit amount be calculated? I ask the question because I am trying to determine the relative benefits of the U.S. Social Security benefit over the KKPp benefit.
The SS consultant I spoke with said that I could only get benefits under one of the two plans, not both. My annual income in Canada is about $80,000 to $90,000 a year.