More Canadians are opting for what’s often called semi‑retirement, where instead of stopping work entirely, they transition to part‑time or flexible work. Especially in a place like Nova Scotia, with rising costs and longer life spans, post‑retirement strategies often look more like downshifting than a full stop.

What Is Semi‑Retirement (or Downshifting)?

Semi‑retirement, or lifestyle downshifting, is a deliberate shift to working fewer hours, often in roles that are less stressful or more personally meaningful. It lets you enjoy more free time, pursue passion projects, stay socially engaged, and still earn money, without the intensity of full‑time work. Downshifting emphasizes well‑being over income growth.

Why More People Are Choosing to Downshift

Financial Cushion and Tax Psychology
Not everyone can afford to retire fully, and many want to delay pension payouts like CPP or OAS. Part‑time work gives that extra buffer without draining savings. Holding off on claiming CPP until age 70 can significantly increase monthly benefits. 

Preventing Retirement Shock
Long retirements can be financially and emotionally challenging. By staying active in some capacity, people manage lifestyle inflation and maintain structure. Nearly half of workers plan to keep earning part-time after retiring

Health Benefits of Staying Engaged
Working part-time can boost mental sharpness and purpose. Studies show that being active, even in reduced hours, may extend life expectancy and reduce retirement stress, especially when you can say “no” to too much work. 

Social & Emotional Purpose
Work offers social contact, identity, and daily rhythm. Especially for those who built a career around helping others, complete disengagement can feel odd. Volunteering, consulting, or freelance work can be fulfilling alternatives. 

What Does Canada Show About This Trend?

Statistics Canada data reveals that employment rates for people aged 55+ have risen significantly in recent decades. Although many Canadians retire by choice around age 61, a growing share continues to work, often part time.

About 47% of older adults continue working part-time by choice, while others do so out of necessity. The reasons? Rising living costs, helping children or grandchildren financially, or simply enjoying purposeful work

A 2025 case in point: a Canadian couple who retired at 55 ended up returning to work, seasonally and part-time, due to unexpected costs, healthcare needs, and lifestyle choices. Their experience illustrates why semi-retirement is more realistic than a full stop. 

How to Approach a Smooth Downshift

• Reassess your income needs and pension timing. Delaying OAS or CPP can bump your future benefits; part-time work can provide interim cash flow.
• Scale back slowly. Try a phased transition, drop from 40 to 20–30 hours per week, or shift to consulting or contract roles.
• Embrace flexible and remote options. Not all employers offer semi-retirement, but flexible working has expanded widely. Being open to new types of work can be both profitable and low-effort. 
• Prioritize your health and balance. If the work adds stress, it might not be worth it. Many in semi-retirement report choosing well-being over extra income. 

Bottom Line

Semi-retirement isn’t about giving up on work—it’s about redefining it. It lets you maintain income, stay engaged, and enjoy more leisure—all while making thoughtful choices that prioritize both finances and purpose.

For many Canadians, especially those retiring earlier or wanting flexibility in Nova Scotia and beyond, the semi-retired lifestyle is becoming the new normal.