An aging population means more spending on health care and income support for older people.
Life expectancies have increased considerably since these programs were designed.
The wait list for nursing homes in the province has almost doubled over the last 10 years.
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.