old age security

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Canada must prepare for our aging population

The Trudeau government’s policy reversal will cost an estimated additional $10.4 billion in 2030.

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Calls for More Policy Reversals
Reversing course and raising the age of eligibility for retirement benefits to 67 from 65 would be politically costly, but it makes eminent sense when one considers the aging of our population.

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

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

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Upper-middle income earners in Canada receive full OAS benefits, which doesn’t represent effective targeting of benefits.

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The Ontario Liberals recently introduced legislation to create a mandatory government pension plan modelled after the Canada Pension Plan.