Canada Ends Fixed Retirement Age of 65 from 10 November 2025
Canada is introducing a significant change to its pension and retirement system by eliminating the standard retirement age of 65 starting 10 November 2025. This reform will alter when Canadians can access their full Canada Pension Plan (CPP) and Old Age Security (OAS) benefits.
New Retirement Flexibility
The government’s decision allows Canadians to choose their own retirement age based on individual circumstances and work history. This change offers greater flexibility, enabling older workers to remain employed longer or retire earlier with adjusted benefits.
Goals of the Reform
- Reflect increased life expectancy
- Adapt to evolving work patterns
- Address financial challenges faced by aging Canadians
- Ensure the financial sustainability of the Canada Pension Plan for future generations
The Government of Canada stated, "Starting 10 November 2025, the traditional retirement age of 65 will no longer be the fixed standard for pension eligibility."
The reform aims to modernize the retirement system to meet the realities of 2025 and beyond while maintaining the CPP’s financial security and supporting diverse retirement needs.
Author's summary: Canada’s retirement system becomes more flexible from November 2025, ending the fixed age of 65 to better suit longer lifespans and diverse work lives while securing pension funds.