Pension Plans in Canada
Retirement of person, category
Retirement refers to a person who is aged 55 and over, is not in the labour force and receives 50% or more of his or her total income from retirement-like sources.
Retirement-like sources include the Old Age Security pension and the Guaranteed Income Supplement, benefits from the Canada Pension Plan or the Québec Pension Plan, investment and dividends and retirement pensions, superannuation and annuities.
Person refers to an individual and is the unit of analysis for most social statistics programs.
The data for this variable are reported using the following classifications and/or lists:
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