Goodbye to Retiring at 65 - The New Age For Collecting OAS & CPP Changes Everything In Canada

Goodbye to Retiring at 65: The New Era of Canadian Retirement

The phrase “Goodbye to Retiring at 65” reflects a major transformation in how society views aging, work, and personal fulfillment. People are living longer and healthier lives, prompting many to redefine what retirement truly means.

Instead of stopping work at a traditional age, more Canadians are exploring flexible arrangements — part-time roles, consulting, or creative pursuits — well into their 70s. For some, the motivation lies in financial security; for others, it’s about purpose, passion, and engagement.

“Goodbye to retiring at 65 symbolizes a new era of freedom, fulfillment, and lifelong growth.”

This shift underscores that retirement is no longer a single, uniform life stage but a personal and evolving journey. Some choose early retirement for leisure, while others stay active through continued employment or alternative income streams.

Ongoing political discussions suggest that adjustments to Old Age Security (OAS) and the Canada Pension Plan (CPP) could gradually move the retirement norm closer to 67, though no firm decisions have been made yet. Ultimately, retirement in Canada today is about flexibility and personal choice — whether at 60, 65, or 70 — depending on one’s goals, health, and financial plans.

Author’s Summary

As Canadians live longer, retirement is becoming a flexible, personalized experience defined more by individual purpose than by age.

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Aeromagonline Aeromagonline — 2025-11-03

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