Old Age Security (OAS), one of the three types of pension plans in Canada, is funded by general tax revenues, unlike Social Security in the U.S. The Canada Pension Plan is funded by payroll taxes, much like Social Security in the U.S. Canada's single-payer health insurance is availabl...
Reverse mortgage types also differ in how they allow you to receive your money. Some products let you access your entire mortgage amount upfront; others combine an initial lump-sum payment with smaller withdrawals that can either be scheduled or made at your discretion. What is the CHIP Reverse...