Canadian Retirement Pension/Retirement Pension - Canadian Glossary

Paid to any person who has made at least one valid contribution to the Canada Pension Plan. Retirement pension is payable at age 65 years. A reduced pension is available at 60, if the claimant is retired. Pension grant may also be delayed until age 70 years in order to get an increased rate. As a person only needs one valid contribution to the Canada Pension Plan to qualify and neither nationality nor residence affects entitlement, no one will need to claim a retirement pension under the Agreement. However, claims may be lodged in Australia for retirement pensions to be granted under Canadian domestic law - that is, without the help of the Agreement with Australia.

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Last reviewed: 7 June 2010