WHAT HAPPENS TO YOUR OAS IF YOU LEAVE CANADA?

Old Age Security (OAS) is a Canadian government pension funded through general tax revenues, not through payroll contributions like the Canada Pension Plan (CPP). Eligibility is based primarily on your age and how long you have lived in Canada after the age of 18, rather than your employment history. Most people can begin receiving OAS at age 65, provided they meet the residency requirements established by the Government of Canada.

If you decide to retire outside Canada, you may still be able to receive your OAS pension. In general, individuals who have lived in Canada for at least 20 years after turning 18 can continue receiving OAS payments while living abroad. Those with fewer years of Canadian residency may have different eligibility rules, and Canada’s international social security agreements may also affect entitlement in certain situations. Taxes, residency status, and eligibility for additional benefits such as the Guaranteed Income Supplement (GIS) may also change when living outside Canada.

If you’ve been researching Old Age Security (OAS), who qualifies for OAS, collecting OAS while living abroad, retiring outside Canada, or retirement planning for Canadians, SOL Properties can help connect you with trusted professionals who can assist with retirement planning, international relocation, real estate opportunities, and cross-border considerations, with both English and Spanish-speaking support.

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