Canadians aged 65 and older will account for a projected 23.4 per cent of the population in 2040.
The one-time payment to seniors will cost an estimated $2.5 billion.
Despite misleading claims, senior poverty in B.C has fallen significantly over the past four decades.
By 2047, the costs of OAS and GIS will increase by an estimated 47 per cent.
The Trudeau government’s policy reversal will cost an estimated additional $10.4 billion in 2030.
The thrust of a lot of policy these days is to keep people working.