The share of the population over 65 is projected to grow from about 18 per cent to nearly 26 per cent.
As the baby boomers continue to retire, the proportion of working Canadians will also decline.
By eliminating capital gains taxes, the government could help strengthen the incentives for people to start and grow businesses.
The rate of small business startups in Canada has declined by almost 13 per cent since the early 2000s.
Demographics and Entrepreneurship blog series: Understanding how demographics adversely affect entrepreneurship
Crucially, creativity is maximized in early adulthood and declines afterward.
By 2047, the costs of OAS and GIS will increase by an estimated 47 per cent.
Health-care costs are expected to increase by 57 per cent by 2045.