On March 31st, 2021, Canada and Israel signed a new social security agreement. This agreement aims to improve the coordination of social security benefits, including pensions, between the two countries.
Under the agreement, Canadian and Israeli citizens will be able to count periods of social security coverage in either country towards meeting eligibility requirements for benefits. This means that if an individual has worked in both Canada and Israel, they may be eligible for pension benefits from both countries.
The social security agreement also includes provisions for the avoidance of double social security taxation, where individuals may otherwise be required to pay social security taxes in both countries on the same income.
This new agreement builds upon the longstanding relationship between Canada and Israel, and highlights the importance of international cooperation on social security matters. It also provides reassurance to citizens who may have spent time working in both countries, knowing that they will receive the benefits they have earned.
Overall, this social security agreement is a positive development for citizens of Canada and Israel, and demonstrates the commitment of both countries to working together on important issues that affect their citizens.