People are living longer than when the program was first designed.
OAS benefits
June 8, 2022
8:13AM
Life expectancies have increased considerably since these programs were designed.
February 15, 2022
1:00AM
June 17, 2021
11:37AM
The number of Old Age Security beneficiaries is projected to double between 2019 and 2060.
June 17, 2016
11:37AM
Accounting for non-pension assets in projections of future retirement income makes a difference.
June 13, 2016
3:00AM
A higher CPP benefit could trigger a reduction in federal (and provincial) government benefits targeted at low-income seniors.
March 30, 2016
9:55AM
Reforming OAS so that high-income seniors receive fewer benefits could produce cost-savings to pay for increased benefits to vulnerable seniors.
March 17, 2016
4:13PM
Increased OAS spending means less spending elsewhere, higher taxes, and/or more government borrowing.
October 2, 2013
2:00AM
In 2012, the federal government shocked many Canadians by announcing an important change in the cherished Old Age Security (OAS) program, one of three key income programs for seniors. The reform, which was implemented in the 2013 budget, increases the age of eligibility for OAS to 67 from 65 beginning in 2023 with full implementation achieved in 2029. While the reform is a positive first step given the aging of Canadians, more is needed.