The government expects to borrow $331.9 billion over the next five years, bringing the national debt to at least $1.5 trillion.
The four Atlantic provinces have the largest share of residents over the age of 65 in Canada.
Ontario’s population may grow by 30 per cent, from 14.2 to 18.5 million.
Almost three-quarters of Canada’s total tax burden is paid by the working-age population.
Average per person spending on health care for Canadians over 70 is $13,797.
Canadians may be forced to contribute up to an extra $3,250 more to the CPP each year.
Accounting for non-pension assets in projections of future retirement income makes a difference.
A higher CPP benefit could trigger a reduction in federal (and provincial) government benefits targeted at low-income seniors.
The percentage of seniors living in low-income has consistently fallen over the past four decades.