Part I Introduction to the Pension Policy and Benefits for Immigrants to Canada
First, Canada's pension policy
The Pension Guarantee Pension, one of the most generous personal benefits provided by the Canadian government's welfare program, is available without any payment. There are four categories in the Canada Pension Plan: Old Age Allowance, Low-Income Benefit, Spouse's Allowance and Orphan's Allowance.
1. Old Age Allowance
The Old Age Allowance is the main and most widely used category of the Old Age Security Pension program, which is available to almost everyone over the age of 65, and can be received upon application. It is taxable as income.
The application requirements can be divided into two cases:
A. Resident in Canada at the time of application:
65 years of age and older;
Maple Leaf Card holder at the time of the application for the Pension;
18 years of age and 10 years of residence in Canada.
B. Residing outside of Canada at the time of application:
Aged 65 and over;
Holding a Canadian Maple Leaf Card prior to leaving the country to reside in Canada;
Being 18 years old and having lived in Canada for 10 years.
Even if you don't meet all of the above, you still have the opportunity to receive a pension. Canada has social security agreements with a number of countries (e.g., the United States), and depending on the agreement, you may still be able to receive a certain amount of pension.
2. When applying for a pension
When you turn 64, if you receive a letter from Service Canada saying that you are eligible for a pension, the system will automatically enroll you in a pension.
However, if enrollment is not automatic, you will need to apply for it yourself. Applicants need to apply 11 months in advance (the application cycle is 11 months).
Even if you do not meet the requirements for the full Old Age Allowance, you can still receive the full amount by delaying the receipt of the Old Age Allowance. Canadian residents who do not receive the Old Age Benefit after age 65 will see a 6% increase in the full monthly amount, which can be delayed until age 70, or a 36% increase.
Second, Canada's immigrant welfare
1. Low-income subsidy
Low-income subsidy is an additional pension benefit for low-income families in Canada, the government pays monthly, and tax-free. Applicants need to have a Canadian Maple Leaf Card and receive an Old Age Allowance. Every June, annual income is re-measured to determine eligibility for the subsidy.
2. Spouse's Allowance
The Spouse's Allowance is a re-benefit for some families who are already eligible for the LMI. Requirements for the Spouse's Allowance:
The applicant is between the ages of 60 and 64;
The applicant's spouse receives an Old Age Allowance as well as a Low-Income Supplement;
The applicant is a legal resident of Canada;
The applicant is at least 18 years old and has resided in Canada for at least 10 years;
The applicant has a lower income than the income of his or her spouse.
3. Orphan's Allowance
The Orphan's Allowance is an additional benefit for low-income widowed families with the following eligibility requirements:
The applicant is between the ages of 60-64;
The spouse is deceased and has not remarried;
The applicant is a holder of a Maple Leaf Card;
The applicant is at least 18 years old and has lived in Canada for at least 10 years;
Below income.
Below income.
Part II Extended Reading: Canada's top three cities for immigrants
1, Toronto
Toronto is a deservedly popular Canadian city. It is one of the most diverse cities in the world, and its rich and colorful ethnicity has made the city colorful and attractive.
With its pleasant environment, excellent educational resources and high quality of life, the city is considered one of the most livable cities in the world, and of course, the consumption level is relatively high.
2, Montreal
Montreal is the second largest city in Canada, Montreal is not because of the old and lack of modern color, due to the foundation laid over the years, its industrial output value is still in the country's second place. Industry is not to be overlooked, and finance, as well as commerce and industry, are also well developed.
Montreal, with its predominantly French-speaking population, embodies a uniquely French cultural heritage and is considered the romantic capital of North America. The panoramic view of the city is characterized by a striking cultural spectacle of churches of all sizes and styles, the number of which (about 450) exceeds even that of the ancient city of Rome.
3. Vancouver
Although Vancouver comes in third, its many waters, mountains, and parks make it seem larger than it is. A comprehensive transportation network allows Vancouverites to ski in the morning, sail in the afternoon, and enjoy the opera at night.
Vancouver's film industry is so advanced that it is the third largest production center in North America, after Los Angeles and New York, and is known as the Hollywood of the North. In recent years, it has regularly ranked among the top cities to live in the world.