Retirement news

Retirement News

Important changes to Canadian retirement laws, pensions, benefits, and programs—explained in plain language.

What you’ll find here: Timely, practical summaries of changes that may affect retirement income or planning. Each story links to RetireON guidance and the official source.
Federal benefits Latest

OAS benefits will increase 1.4% for October–December 2026

The quarterly increase applies to OAS, GIS, the Allowance and the Allowance for the Survivor. Eligible recipients should see the adjustment reflected in their October benefit.

Why it matters: The increase improves monthly benefit income, but the exact new maximums and income ranges require the complete government payment table.

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Public service pensions

Federal Early Retirement Incentive moves into final validation

The application period is closed. Government data dated September 8 reported 10,006 online applications, including 9,438 confirmed as meeting the program criteria.

Why it matters: Applicants still need final Pension Centre validation and must coordinate their retirement date, bridge benefit, CPP timing, coverage and final employment payments.

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Workplace pensions

Ontario defined-benefit pension funding reaches a record high

FSRA estimates a record 127% median solvency ratio for the Ontario defined-benefit plans covered by its Q2 2026 report, up from 122% in the previous quarter.

Why it matters: This is encouraging evidence of sector resilience, but it does not describe every plan or automatically guarantee indexation or benefit improvements.

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Federal benefits

OAS and GIS rounding regulation updated—with no change to payments

A federal amendment corrected missing legal wording for rounding certain GIS and Allowance amounts to the nearest cent; payment systems were already using that method.

Why it matters: There is no benefit cut, eligibility change, retroactive adjustment or RetireON calculator change resulting from the amendment.

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General educational information only—not financial, pension, tax, legal, or employment advice. Government rules and payment amounts can change. Confirm information that affects a decision with the official source or responsible program administrator.