Canada - The Pension System: Options for Reform

Observer 203, December 1996/January 1997
The Canadian system of income for retirement combines three main elements: benefits designed to provide the guarantee of a basic income for the old, earnings-related public pensions, and tax-assisted private pensions. About 60% of retirement income comes from public pensions, which replace about a third of income previously earned in work (a relatively modest share by international comparison).
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