What is the retirement age of Canada?
Even though everyone thinks of 65 as the retiring age, there is no such thing as a forced retirement age in Canada, as it is illegal under human rights legislation. (Unless, of course, you’re a judge.) So, regardless of your age, your employer cannot push you to trade employment for backgammon.
At 65, you are eligible to start receiving complete Canada Pension Plan (CPP) and Old Age Security (OAS) payments. You can apply to claim these benefits at 60, but your payment will reduce by 0.6 percent for each month you get the pension before 65. (That’s a 36% savings if you take it at 60 rather than 65.)