Low income groups will be hardest hit by these changes, particularly older women

The age of eligibility will move from 65 to 67 starting in April 2023

All of the above

The crisis of baby-boomer retirement that instigated this change is false

Level 4: Private Plans.

Level 1: Basic Minimum.

Level 2: Social Insurance.

Level 3: Social Assistance.

Canada or Quebec Pension Plan

Private Pensions and RRSPs

Employment Earnings

Old Age Security

The Guaranteed Income Supplement (GIS.)

The Allowance.

Spouse's Allowance (SPA).

The Income Transfer Supplement (ITS).

6 percent

70 percent

50 percent

20 percent

The OAA was provincially administered and means-tested.

The OAS was the first time the government implemented universal pensions.

They dropped the exclusion of Aboriginal Peoples.

The federal government fully funded both programs.

They were an outcome of the escalating economy after World War II.

They consist of pensions from employers, Registered Retirement Savings Plans (RRSPs) and Deferred Profit Sharing Plans (DPSPs).

Tax assistance within these plans is particularly beneficial to Canadians with lower incomes.

Tax assistance within these plans is intended to encourage Canadians to save privately for retirement.

Social Assistance.

Private Plans.

Basic Minimum.

Social Insurance.

Canada’s elderly poverty rate has been increasing in last two decades, particularly for women

All of the above

Low-income rates for Canadian seniors is among the lowest studies by OECD

The implementation of C/QPP in 1966 decreased the elderly poverty rate

Women earn significantly less from private pensions and RRSPs

Women earn about the same as men from CPP or QPP

Women receive more benefits than men from employment earnings

Women receive significantly less benefits from Old Age Security

A long-term decline in birth rate.

The establishment of a retirement age.

All of the above.

Improvement in health care and extension of life expectancies.

The rate of low income among Canada's elderly, including both men and women, has been rising in the past two decades.

A variety of factors inhibit women from amassing adequate resources for old age, resulting in proportionately more elderly and retired women who are living with low income.

All of the above.

Women form the majority of the Canadian elderly population.

Women tend to retire at ages 60–62; they often work part-time and/or in lower-paying occupations and sectors, and earn approximately 65 percent of male earnings for full-time work.

Fewer women are covered by their employer's pension plans then men, and many such plans have no survivor's benefit.

Many women are unattached or single in old age.