The most effective, least painful path starts with reining in Old Age Security spending, allocating it more wisely to eliminate seniors’ poverty and planning revenue resiliency for the program
was a serious discussion of the role Old Age Security plays in driving federal deficits. Canada will not restore fiscal guardrails until our national leaders grapple with this challenge.
And no other program will increase more in the years ahead, with OAS reaching a staggering $104-billion by 2029. While we don’t know how long Dominic LeBlanc will be Canada’s Finance Minister, his legacy will be impressive if he develops this plan. The most effective, least painful path to reduce deficits starts with reining in OAS spending, allocating it more wisely to eliminate seniors’ poverty and planning
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
It’s time to reform Old Age Security - and a scathing auditor’s report confirms itSince the CPP was designed to replace retirement income regardless of one’s affluence, OAS no longer needs to deliver taxpayer subsidies for rich and poor retirees alike
Read more »
Department in charge of Old Age Security doesn't know if payments are enough, auditor findsA report from Canada's auditor general says the federal department that delivers Old Age Security (OAS) and other programs to assist seniors 'did not have a comprehensive view' of the needs of Canada's elderly and doesn't know if the monthly payments are providing seniors with enough financial support.
Read more »
My Old Ass is a Canadian coming-of-age story with subtlety and heartA still of Maisy Stella and Aubrey Plaza as younger and older versions of the character Elliott in the film My Old Ass.
Read more »
Bartering: The Age-Old Practice Makes a ComebackBartering, the act of exchanging goods and services without using money, is experiencing a resurgence in popularity. This article explores the benefits, challenges, and practical tips for engaging in successful bartering.
Read more »
Mobile Patrol Security Guard, NORPRO Security Ltd.Job Title: Mobile Patrol Security Guard, NORPRO Security Ltd. Job Type: Permanent, Full-Time Location: Sault Ste. Marie, Ontario of Positions: 1 NORPRO Security Ltd.
Read more »
Affluent retirees don’t need subsidies from younger taxpayersOld Age Security is a government subsidy paid to whomever is eligible, which presently includes individuals with incomes over $140,000, and couples who have nearly $300,000
Read more »