The share of Canadians age 65 or over is forecasted to rise from 17.4 per cent to 22.5 per cent.
low income seniors
Despite misleading claims, senior poverty in B.C has fallen significantly over the past four decades.
A two dollar increase in CPP income could result in a one dollar reduction in GIS benefits.
Finance Minister Bill Morneau will soon meet with his provincial counterparts to discuss CPP expansion, which could include increased mandatory contributions.