Pensions and retirement income programs

Description: Trusteed pension funds, number of funds and members, by public and private sector, type of plan and contributory status, biennial.

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Trusteed pension funds, revenues and expenditures by sector.

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This paper assesses the extent to which education affects how Canadians save and accumulate wealth for retirement. The paper makes three contributions. First, a descriptive analysis is presented of differences in savings and home values across individuals based on their levels of educational attainment. To this end, new datasets that link survey respondents from the 1991 and 2006 censuses of Canada to their administrative tax records are used. These data provide a unique opportunity to jointly observe education, savings, home values, and a plethora of other factors of relevance. Second, the causal effect of high school completion on savings rates in tax-preferred accounts is estimated, exploiting compulsory schooling reforms in the identification. Third, building on a recent study by Messacar (2015), education is also found to affect how individuals re-optimize their savings rates in response to an automatic change in pension wealth accumulation. The implications of this study’s findings for the “nudge paradigm” in behavioural economics are discussed.

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This table contains 448 series, with data for years 1997 - 2009 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (14 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia; ...); Household spending, insurance and pensions (8 items: Total personal insurance payments and pension contributions; Life insurance premiums; Annuity contracts and transfers to Registered Retirement Income Funds (RRIFs); Employment insurance premiums; ...); Statistics (4 items: Average expenditure; Percent of households reporting; Estimated number of households reporting; Median expenditure per household reporting).

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Data on investment income, Registered Retirement Savings Plan (RRSP) contributions and charitable donations are derived from income tax returns.The data for the products associated with this release are derived from an early version of the T1 file that Statistics Canada receives from Canada Revenue Agency (CRA).

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This article in the Economic Insights series presents an overview of recent trends in registered retirement savings plan (RRSP) use among Canadian taxfilers aged 25 to 54, from 2000 to 2013. The analysis centres on differences in RRSP contribution and withdrawal behaviour across income groups, and around the time that the tax free savings account (TFSA) was introduced.

Description: Release published in The Daily – Statistics Canada’s official release bulletin

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Using data from the 2014 Canadian Financial Capability Survey (CFCS), this article examines the extent to which individuals in the labour force are preparing for retirement and provides another perspective on the relationship between financial literacy and retirement planning.

Description: Historical: Government sector revenue and expenditure, based on the 1968 System of National Accounts international standards. First quarter of 1947 to second quarter of 1997.

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This paper investigates whether registered pension plans (RPPs) help households prepare financially for retirement or simply substitute for other forms of private saving. This issue is addressed using a panel of 1.8 million Canadian households, from 1991 to 2010, which appear in the Longitudinal Administrative Databank. The analysis controls for correlations in savings across accounts due to unobserved tastes for saving by exploiting the fact that employer contribution rates increase discontinuously on earnings above the average industrial wage, a unique feature of occupational pensions in Canada, the effect being estimated in a Regression Kink Design.

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Trusteed pension funds, market and book value of assets by public and private sector, quarterly.

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Trusteed pension funds, market and book value of assets by foreign and domestic holdings, quarterly.

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Trusteed pension funds, revenues, expenditures and net income, by sector, quarterly.

Description: Individuals with a Registered Retirement Savings Plan (RRSP); Tax filers with RRSP contributions by sex, age and income groups (preliminary T1 Family File; T1FF).

Description: This interactive tool allows for custom manipulation and visualization of data sourced from the Pension Satellite Accounts. The interactive tool contains information on different pension types, contributions, investment income, withdrawals and revaluations. By clicking within the tool you will be able to filter through information on various pension estimates.

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Registered pension plans (RPPs), active members and market value of assets by special retirement conditions, sector, type of plan and contributory status.

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Registered pension plans (RPPs), active members and market value of assets by age and service condition for special retirement, sector, type of plan and contributory status.

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Registered pension plans (RPPs), active members and market value of assets by death benefits after retirement, sector, type of plan and contributory status.

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Registered pension plans (RPPs), active members and market value of assets, by jurisdiction of plan registration, sector, type of plan and contributory status.

Description: Registered pension plan (RPPs) and members by jurisdiction of plan registration, sector and type of plan (members by sex).

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The Guaranteed Income Supplement is one of the pillars of Canada's safety net for seniors. Available to those with little or no income other than Old Age Security, it plays an integral part in reducing low income among those 65 and over. However, a misunderstanding of the rules and requirements has meant that some eligible seniors are missing out.

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Settling into retirement involves changes in many aspects of a person's life. Certainly financial adjustments are involved as employment income is replaced by retirement income and spending patterns are altered. People often find they have to make psychological and social adjustments as well. In light of these substantial transformations in lifestyle, retirement counsellors are increasingly encouraging older workers to prepare just as carefully for the non-financial as the financial challenges of retirement. This article draws on the 2002 General Social Survey (GSS) to examine four specific non-financial preparations made prior to leaving the labour force by Canadians who had retired in the previous 10 years (1992 to 2002).

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RRSPs are not always used as a source of income in retirement. This article examines premature RRSP withdrawals between 1993 and 2001, and whether major life events such as marital separation, death of a spouse or job loss affect this behaviour.

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This document presents the results of the Pension Plans in Canada Survey as of January 1, 2003. It gives a brief overview of changes over time in the participation of men and women in registered pension plans, the coverage of the labour force by these plans, membership in defined benefit and defined contribution plans, and total contributions paid into these plans. The document also briefly describes retirement compensation arrangements with an analysis covering the period 1991 to 2001.

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This study examines retirement issues for older working Canadians: income, pension coverage, home ownership status, immigration status, marital status and self-assessed health. It uses data from the 2002 General Social Survey.

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This article takes a question-and-answer approach to provide some basic information about the Canada and Quebec Pension Plans (C/QPP), highlighting recent changes that may not be well understood. Also discussed is the increasing importance of C/QPP benefits for seniors in recent decades and the interaction of the plans with other income support programs.

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Many employers offer registered pension plans to their employees, but group registered retired saving plans (RRSPs) are becoming more common. This product looks at how well full-time permanent employees in the private sector in 2001 understood their retirement pension plan coverage.

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This paper looks at income and wealth as important indicators of financial well-being for seniors. It also examines their debts and preparedness for unexpected expenses.

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This paper looks at why people contribute to registered retirement savings plans (RRSPs). It examines personal and family characteristics.

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Using the Labour Market Activity Survey and the Survey of Labour and Income Dynamics, this article examines the extent to which registered pension plan coverage of immigrants and members of visible minorities differed from that of other Canadians between 1988 and 1998.

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Data on investment income, Registered Retirement Savings Plan (RRSP) contributions and charitable donations are derived from income tax returns.The data for the products associated with this release are derived from an early version of the T1 file that Statistics Canada receives from Canada Revenue Agency (CRA).

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Data on investment income, Registered Retirement Savings Plan (RRSP) contributions and charitable donations are derived from income tax returns.The data for the products associated with this release are derived from an early version of the T1 file that Statistics Canada receives from Canada Revenue Agency (CRA).

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Data on investment income, Registered Retirement Savings Plan (RRSP) contributions and charitable donations are derived from income tax returns.The data for the products associated with this release are derived from an early version of the T1 file that Statistics Canada receives from Canada Revenue Agency (CRA).

Description: This guide presents an overview of the scope and structure of the Pension Satellite Account as well as the methodology used to derive its stocks and flows estimates.

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This book provides technical documentation of variables, methodologies and extended lists of references used in developing the research findings reported in "New Frontiers of Research on Retirement". It will be used around the world by researchers and teachers, as well as by students preparing theses related to patterns of transition to retirement. This documentation is important because a large part of book is devoted to scientific papers that are based upon Statistics Canada's data and which require substantial innovations of useful concepts and data.

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This guide will be of assistance in understanding the concepts, methodology and data quality of the surveys conducted as well as the data analysed by the Pensions and Wealth Surveys Section of the Income Statistics Division. It covers the following surveys/programs:- Pension Plans in Canada;- Trusteed Pension Funds (Census and Quarterly);- Survey of Financial Security; and- Pension adjustment/registered retirement savings plans data file provided by Canada Customs and Revenue Agency.

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Initial results from the Survey of Financial Security (SFS), which provides information on the net worth of Canadians, were released on March 15 2001, in The daily. The survey collected information on the value of the financial and non-financial assets owned by each family unit and on the amount of their debt.

Statistics Canada is currently refining this initial estimate of net worth by adding to it an estimate of the value of benefits accrued in employer pension plans. This is an important addition to any asset and debt survey as, for many family units, it is likely to be one of the largest assets. With the aging of the population, information on pension accumulations is greatly needed to better understand the financial situation of those nearing retirement. These updated estimates of the Survey of Financial Security will be released in late fall 2001.

The process for estimating the value of employer pension plan benefits is a complex one. This document describes the methodology for estimating that value, for the following groups: a) persons who belonged to an RPP at the time of the survey (referred to as current plan members); b) persons who had previously belonged to an RPP and either left the money in the plan or transferred it to a new plan; c) persons who are receiving RPP benefits.

This methodology was proposed by Hubert Frenken and Michael Cohen. The former has many years of experience with Statistics Canada working with data on employer pension plans; the latter is a principal with the actuarial consulting firm William M. Mercer. Earlier this year, Statistics Canada carried out a public consultation on the proposed methodology. This report includes updates made as a result of feedback received from data users.

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The Survey of Financial Security (SFS) will provide information on the net worth of Canadians. In order to do this, information was collected - in May and June 1999 - on the value of the assets and debts of each of the families or unattached individuals in the sample. The value of one particular asset is not easy to determine, or to estimate. That is the present value of the amount people have accrued in their employer pension plan. These plans are often called registered pension plans (RPP), as they must be registered with Canada Customs and Revenue Agency. Although some RPP members receive estimates of the value of their accrued benefit, in most cases plan members would not know this amount. However, it is likely to be one of the largest assets for many family units. And, as the baby boomers approach retirement, information on their pension accumulations is much needed to better understand their financial readiness for this transition.

The intent of this paper is to: present, for discussion, a methodology for estimating the present value of employer pension plan benefits for the Survey of Financial Security; and to seek feedback on the proposed methodology. This document proposes a methodology for estimating the value of employer pension plan benefits for the following groups:a) persons who belonged to an RPP at the time of the survey (referred to as current plan members); b) persons who had previously belonged to an RPP and either left the money in the plan or transferred it to a new plan; c) persons who are receiving RPP benefits.

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With the release of the first quarter 2000 of the National Income and Expenditure Accounts the sectoring of federal and provincial government, non-autonomous pension plans has changed. These pension plans are now part of the personal sector. Previously these plans were included in either the federal or provincial government sector accounts.

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The intent of this document is to provide an inventory of the surveys, databases, publications, articles and work in progress in Statistics Canada that relate to Canada's retirement income programs. The inventory provides information on publications, output and relevant data elements produced by the surveys and databases. It does not provide an exhaustive description of these data sources, but instead focuses on the information that can be used for purposes of researching/analysing retirement income programs. Some of the information contained does not specifically relate to these programs but might be used as a secondary source when doing research in this area.