In celebration of National Seniors Day Oct. 1, Minister of Citizens’ Services Terry Beech unveiled enhanced online tools provided by Service Canada to assist Canadians in retirement planning. According to a press release, these enhancements aim to give Canadians a more streamlined experience and greater peace of mind as they approach retirement.
The newly introduced “Retirement Hub” offers a user-friendly platform for Canadians navigating their retirement journey. It simplifies the process of planning, applying for, and receiving retirement benefits, including the Canada Pension Plan, Old Age Security, and the Guaranteed Income Supplement.
One of the standout features of the Retirement Hub is the “Retirement Ready Quiz”. This quiz guides users through a sequence of questions, eventually generating a tailored checklist to aid them in their retirement preparations.
Additionally, an enhanced version of the “Old Age Security Benefits Estimator” has been launched on Canada.ca. With features like spousal estimates, partial Old Age Security pension, and the added Guaranteed Income Supplement, it provides a more comprehensive overview of potential benefits. This estimator allows users to quickly determine eligibility and potential benefit amounts without sifting through complex OAS tables.