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The Ontario Disability Support Program (ODSP) [1] is a means-tested government-funded last resort income support paid for qualifying residents in the province of Ontario, Canada, who are at least eighteen years of age and have a disability. [2] ODSP and Ontario Works (OW) [3] are the two main components of Ontario's social assistance system.
Ontario regulates approximately 8,350 employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans.
Old Age Security (OAS) is a monthly payment available to Canadians aged 65 or older who meet certain residency requirements. The amount of OAS payment depends on how long the applicant has lived in Canada after the age of 18, whether or not they require financial assistance (being automatically reduced to zero above specified income thresholds).
Canada Pension Plan (CPP) Disability Benefits are taxable monthly payments provided by the federal government to individuals who have contributed to the Canadian Pension Plan and are unable to work due to a severe and prolonged disability. These benefits aim to partially replace lost income and maintain financial stability for eligible Canadians.
Disability in Canada affects approximately 8 million individuals aged 15 and older. [1] [2] According to the 2022 survey by Statistics Canada of those reporting a disability nearly 42% of seniors had four or more co-occurring disabilities, while 43% of youth and 36% of working-age adults had two or three types.
An individual has to meet certain requirements in order to apply for a disability pension. A person is not eligible for a disability pension if they have already reached the age of 65, when one is already eligible for a standard old-age pension. The applicant must also meet the required term of insurance which rises with rising age.
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A province may choose to opt out of the Canada Pension Plan, as Quebec did in 1965, but must offer a comparable plan to its residents. [5]: §3(1) Any province may establish an additional or supplementary plan anytime, as under section 94A of the Canadian Constitution, pensions are a provincial responsibility.