Practical Analysis

Retirements Are Climbing and Some Retirees Keep Working, Statistics Canada Finds

Statistics Canada data show retirements rising sharply since 2012, a growing share of retirees back at work, and pension membership still expanding. For employers, retirement is starting to look less like a single exit date.

Retirements in Canada rose from 183,900 in August 2012 to 276,800 in August 2025, according to a Statistics Canada analysis of retirement and post retirement work. The same release reports that 10% of Canadians aged 55 and older who had retired were working in 2023, up from 7% in 2019. Taken together, the numbers describe a labour market where retirement is both more common and less final than the old picture of a farewell party and an empty desk. This article reports what the two Statistics Canada sources say and then offers Binder HR analysis, clearly labelled, about what the figures mean for workforce planning. The data don't prescribe any particular employer response, and nothing here is legal advice. What the retirement numbers show The headline figure is the growth in monthly retirements. Going from 183,900 in August 2012 to 276,800 in August 2025 is an increase of 92,900, or roughly 51% by Binder's own arithmetic on the source's figures.

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