"Secure your golden years: Get the scoop on the Canada Pension Plan and Old Age Security"

The Canada Pension Plan (CPP) and Old Age Security (OAS) are government-funded programs that provide retirement income to eligible Canadians. Here's how they work:

1. Canada Pension Plan (CPP): The CPP is a contributory pension plan that provides retirement, survivor, and disability benefits to Canadians. To be eligible for CPP benefits, you must have made at least one valid contribution to the CPP while working in Canada. The amount of your CPP benefits is based on your contributions and the amount of time you have contributed to the plan. You can begin receiving CPP benefits as early as age 60 or as late as age 70.

2. Old Age Security (OAS): The OAS is a monthly pension paid to Canadians who are 65 years of age or older and who meet the residential requirements. To be eligible for OAS, you must have lived in Canada for at least 10 years after the age of 18. The amount of your OAS pension is based on how long you have lived in Canada after the age of 18.

Both the CPP and OAS are funded by contributions from employees, employers, and the self-employed, as well as from the government. It's important to note that the CPP and OAS are just two sources of retirement income, and you may need to supplement them with other sources of income, such as personal savings or investments. You can visit the Government of Canada's website for more information on the CPP and OAS and how to apply for benefits.