Thomas, 65, lived in Austria for much of his life. He lived in Canada for 16 years after the age of 18. This year, he moved back to Austria to be nearer his aging parents. Normally 20 years of residence in Canada is needed to receive an OAS pension outside Canada, so Thomas would normally not have qualified. However, the social security agreement with Austria allows him to count the time he lived in Austria after age 18 towards meeting the 20 -year residence-in-Canada requirement. Thomas will receive a partial OAS pension outside Canada for the rest of his life.
Note that while the social security agreement helped qualify Thomas to receive an OAS pension, the payment amount is determined by the numbers of years of residence in Canada after age 18. Having lived in Canada for 16 years, Thomas will receive 16/40ths of the full OAS pension.
Note that while the social security agreement helped qualify Thomas to receive an OAS pension, the payment amount is determined by the numbers of years of residence in Canada after age 18. Having lived in Canada for 16 years, Thomas will receive 16/40ths of the full OAS pension.