Table A.6
Planned age of retirement of near-retirees, by financial characteristics, Canada, 2007
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| Before age 60 | Age 60 to 64 | Age 65 or older | Total | |
|---|---|---|---|---|
| Pension coverage | ||||
| Yes |
38.5*
|
35.4*
|
26.0*
|
100.0
|
| No† |
17.0
|
31.2
|
51.9
|
100.0
|
| Inconsistent answers1 |
22.4*
|
32.7
|
44.9*
|
100.0
|
| Contributed to a registered retiremet savings plan (RRSP) in the past five years | ||||
| No † |
22.8
|
28.6
|
48.6
|
100.0
|
| Yes |
31.2*
|
35.3*
|
33.5*
|
100.0
|
| Yes - Assets under $50,000 |
26.4
|
33.0
|
40.6*
|
100.0
|
| Yes - Assets $50,000 to $100,000 |
34.5*
|
35.6*
|
29.9*
|
100.0
|
| Yes - Assets greater than $100,000 |
36.1*
|
38.2*
|
25.7*
|
100.0
|
| Yes - Assets not stated |
31.2*
|
37.4*
|
31.4*
|
100.0
|
| Pensions and RRSPs | ||||
| No pension/No RRSP† |
10.0
|
27.0
|
62.9
|
100.0
|
| No pension/Yes RRSP |
20.2*
|
33.1
|
46.8*
|
100.0
|
| Yes pension/No RRSP |
36.7*
|
29.8
|
33.5*
|
100.0
|
| Yes Pension/Yes RRSP |
39.0*
|
36.9*
|
24.1*
|
100.0
|
| Inconsistent answers1 |
22.5*
|
32.4
|
45.1*
|
100.0
|
| Personal income | ||||
| Less than $20,000† |
18.5
|
29.5
|
52.0
|
100.0
|
| $20,000 to $39,999 |
19.6
|
32.2
|
48.2
|
100.0
|
| $40,000 to $59,999 |
29.4*
|
34.3
|
36.3*
|
100.0
|
| $60,000 to $79,999 |
38.0*
|
35.0
|
27.0*
|
100.0
|
| $80,000 or more |
37.0*
|
33.1
|
29.8*
|
100.0
|
| Not stated |
26.0
|
36.4
|
37.5*
|
100.0
|
| Household income | ||||
| Less than $40,000† |
12.6
|
24.8
|
62.5
|
100.0
|
| $40,000 to $59,999 |
18.8*
|
35.0*
|
46.1*
|
100.0
|
| $60,000 to $79,999 |
29.6*
|
32.2*
|
38.3*
|
100.0
|
| $80,000 to $99,999 |
31.7*
|
34.9*
|
33.4*
|
100.0
|
| $100,000 or more |
38.4*
|
35.4*
|
26.2*
|
100.0
|
| Not stated |
26.5*
|
34.9*
|
38.6*
|
100.0
|
| Housing tenure | ||||
| Rented† |
16.7
|
25.9
|
57.4
|
100.0
|
| Owned with mortgage |
28.3*
|
33.0*
|
38.7*
|
100.0
|
| Owned without mortgage |
35.8*
|
37.3*
|
26.9*
|
100.0
|
| † Reference group. | ||||
| * Statistically significant difference from reference group at p < 0.05. | ||||
| 1. About 10% of respondents provided inconsistent answers to the two questions about pension coverage and are treated as a separate category. | ||||
| Note: Table only includes persons who stated a planned age of retirement. | ||||
| Source: Statistics Canada, General Social Survey, 2007. | ||||
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