C.D. Howe report: Canadian retirement income replacement rates stay at 80–90% but public pension share falls
Key points
- Canadian family income replacement rates remain high at an average of 80% to 90%
- Public and private pensions now replace 10% less of pre-retirement income than two decades ago
- Public pension contribution to the gross replacement rate fell from 80% to 61% over 2013-2022
A new C.D. Howe Institute report finds Canadian family income replacement rates remain high at an average of 80% to 90%. However, public and private pensions now replace 10% less of pre-retirement income than two decades ago. The public pension contribution to the gross replacement rate fell from 80% to 61% over 2013-2022.
Original report: Benefits Canada.com ↗Edited with AI assistance. Facts are based on official sources and original reports. For information only; not legal, immigration or insurance advice.