By 2047, the costs of OAS and GIS will increase by an estimated 47 per cent.
old age security
The Trudeau government’s policy reversal will cost an estimated additional $10.4 billion in 2030.
Health-care costs are expected to increase by 57 per cent by 2045.
For the most part, the government did not decide to reform or cut low-priority spending or ineffective programs.
Upper-middle income earners in Canada receive full OAS benefits, which doesn’t represent effective targeting of benefits.