If you had lived in Canada for 30 years,had $50 000 income from various pensions and were old enough to receive Old Age Security benefits,you would qualify for seventy five percent of the maximum OAS benefit.

Question

Quizplus · Accepted Answer

According to the eligibility criteria for Old Age Security benefits in Canada, a person must have lived in Canada for at least 10 years after the age of 18 to receive the full OAS benefit. If a person has lived in Canada for less than 40 years, their OAS benefits will be prorated based on the number of years they have lived in Canada. Therefore, if a person has lived in Canada for 30 years and meets the other eligibility criteria, they would qualify for seventy-five percent of the maximum OAS benefit.

If You Had Lived in Canada for 30 Years,had $50