guaranteed income supplement

9:09AM
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In 2014, these non-pension assets totalled $9.5 trillion, dwarfing the $3.3 trillion assets in the formal pension system.


12:36PM
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A two dollar increase in CPP income could result in a one dollar reduction in GIS benefits.


3:44PM
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This sea change in labour-force behaviour of older workers was completely unanticipated by research into pension adequacy.


8:57AM
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Finance Minister Bill Morneau will soon meet with his provincial counterparts to discuss CPP expansion, which could include increased mandatory contributions.


1:45PM
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For the most part, the government did not decide to reform or cut low-priority spending or ineffective programs.


3:00AM
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Some provincial politicians are again trying to make the dubious case that we have a "retirement income crisis" to revive calls for a mandatory expansion to the Canada Pension Plan (CPP).  While the issue is set to be on the agenda at the annual federal-provincial finance ministers meeting in December, the reality is that the case for expanding CPP is built on shaky assumptions about retirement income inadequ


2:00AM
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Canadian governments have amassed huge obligations which current tax rates leave unfunded. As a result, young Canadians and future taxpayers are on the hook for the over-promises governments have made in the form of public pensions and medical services. We estimate that the unfunded liabilities of these government programs amount to a $1.6 trillion fiscal hole or $102,168 per Canadian taxpayer.