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Table A.6
Planned age of retirement of near-retirees, by financial characteristics, Canada, 2007

  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.
Date Modified: 2008-11-21

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