Old Age Security (OAS) is a federal program that provides a monthly benefit to Canadians aged 65 and older. This comprehensive article delves into the history, eligibility, and importance of OAS, alongside key events and practical considerations for applicants.
The Year’s Basic Exemption (YBE) is a critical concept in the Canadian Pension Plan (CPP) and Quebec Pension Plan (QPP) systems, exempting a minimum amount of earnings from contributions to reduce the burden on low-income earners.
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