Turning 65 in Canada The Retirement Deadline

Turning 65 in Canada triggers a set of financial decisions that lock in for life — CPP, OAS, the clawback, and more. This documentary breaks down what every Canadian should understand before that birthday arrives, using current 2026 figures from Service Canada. Note: CPP and OAS amounts are indexed and change annually/quarterly — always confirm your exact numbers through your My Service Canada Account at canada.ca. 00:00 Opening: The birthday that locks in your income 01:10 CPP vs OAS: why they're not the same program 03:00 How much CPP and OAS actually pay in 2026 05:00 Starting early, at 65, or late — the real trade-offs 07:15 The OAS clawback explained 09:30 The Guaranteed Income Supplement (GIS) 10:45 Paperwork mistakes that delay your first payment 12:00 Why CPP + OAS usually isn't enough on its own 13:00 Healthcare coverage after retirement 13:45 A realistic pre-65 checklist 14:30 Final thoughts and what's next This video is for educational purposes only and is not personalized financial advice. Always verify current figures with Service Canada or a licensed financial professional.