Some provincial politicians are again trying to make the dubious case that we have a "retirement income crisis" to revive calls for a mandatory expansion to the Canada Pension Plan (CPP). While the issue is set to be on the agenda at the annual federal-provincial finance ministers meeting in December, the reality is that the case for expanding CPP is built on shaky assumptions about retirement income inadequ
old age security
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.
December 14, 2012
2:00AM
When Canadas premiers met recently in Halifax, talks of a possible pipeline to move oil from Alberta to eastern Canada dominated national headlines. There was also mention of talks about trade, immigration, skills training, and infrastructure. One issue that didnt receive nearly as much attention is the management of public finances and growing government debt.
November 23, 2006
2:00AM
Canadian governments have amassed huge obligations which current tax rates leave unfunded. As a result, young Canadians and future taxpayers are on the hook for the over-promises governments have made in the form of public pensions and medical services. We estimate that the unfunded liabilities of these government programs amount to a $1.6 trillion fiscal hole or $102,168 per Canadian taxpayer.
June 11, 2004
2:00AM
April 24, 2003
2:00AM