Daily Archives: January 8, 2011

Bill C428 Is it good for Canada?

bill-c428Let us hear your comments!!!

Bill C-428 is an act to reduce the residency requirement for old age security pension from the existing 10 years to 3 years.

This bill had first reading in the house on June 18, 2009. It was seconded by Bob Rae! MP Ms Ruby Dhalla who introduced the bill represents the riding of Brampton whose population is largely new immigrants. Under the current rule, one must have lived in Canada for 10 years in order to qualify for Old Age Security. Ruby Dhalla proposes that the time be reduced to 3 years. Canadians are worried that this bill could potentially be abused, and many could come to Canada when they are 62 years old, never having worked or contributed to this country’s tax system, etc and qualify for full Old Age Security benefits. 10 years minimum residency requirement is reasonable as this is the general standard for other developed countries with a similar system.

What do you think?