A Comprehensive Guide to Canada’s Retirement System: CPP, OAS, GIS, and RRSP Explained

Canada offers a multi-layered retirement system designed to provide financial security for residents in their later years. This system includes the Canada Pension Plan (CPP), the Old Age Security (OAS) program, the Guaranteed Income Supplement (GIS), and the Registered Retirement Savings Plan (RRSP). In this blog, we’ll break down how these programs work, their eligibility criteria, and key differences.