While Canada’s retirement income system offers strong support for plan members and retirees, there’s still room for improvement, particularly in terms of coverage for private-sector workers, says F. Hubert Tremblay, partner and senior wealth advisor at Marsh People and Investments Canada.

“That’s really been identified as the main weakness of the Canadian retirement system. . . . Public sector workers are well covered, most of the time, by generous defined benefit pension plans, but in the private sector, there’s a lack in coverage.”

Read: Report finds Canada’s retirement system ranks middle of the pack among global peers

A new report by Marsh that examined the strength of 55 countries’ respective retirement systems ranked Canada’s retirement system at 70.6 out of 100 (virtually unchanged from 2025), noting it “provides a strong minimum level of support for the poorest older........

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