Retirement

Retirement Income Sources

Canadian seniors’ income comes from public and private pension plans as well as personal savings and investments (see Sections 9 and 13).

AVERAGE INCOME5 OF CANADIAN SENIORS BY INCOME SOURCE6 (in constant 2011 dollars)
Description Income
($)
Income from public sources
  • OAS
6,400
  • CPP/QPP
7,000
Income from private sources
  • Investments
1,200
  • Pensions and RRSPs
11,800
  • Employment income
2,800

State-run pension plans (combined OAS, GIS, CPP and QPP) represented 41.2% of the total income of seniors in 2011. A third (33.7%) of seniors’ income came from private pension plans and RRSPs. The remaining came from investment income (9.3%) and other sources (15.8%), including other market income and other government transfers.


5 At the average point, when data are organized numerically, half of the results are above the average and the other half is below.
6 Calculations of Human Resources and Skills Development Canada based on Statistics Canada data, CANSIM Table 202 – 0407, 2011.

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