The coming retirement of the baby-boomer generation will have a hefty impact on Canada’s old-age security program, according to the latest actuarial report by the Office of the Superintendent of Financial Institutions. The number of OAS beneficiaries is expected to increase by 61 per cent by 2030, from 5.8 million people in 2016 to 9.3 million, […]
There’s little doubt that working Canadians want a secure source of retirement income. The challenge for the pension industry is how to deliver the desired retirement income in a sustainable manner. In April 2017, the Canadian Public Pension Leadership Council published the results of a survey that provided key takeaways that will be useful to governments, policy-makers […]
Consultant says fix Canada’s pension system by harmonizing retirement ages.
Government flat out declines Liberals' economic advisory council suggested age raise.
The federal government’s advisory council on economic growth has released its second wave of recommendations that include extending the age of eligibility for the Canada Pension Plan, establishing a reasonable process for requesting flexible working arrangements and creating a universal subsidized childcare program to get more women into the workforce. The advisory council believes allowing CPP and […]
CPP benefits to increase by 1.2%
The federal department in charge of retirement benefits has quietly been reviewing its protocols amid concerns that military spouses were wrongfully being rejected for old age security payments. That review has been ongoing since at least June, after reports emerged of at least one military spouse being asked for myriad documentation, including mortgage payments and […]
The federal government must now play a leadership role in establishing a national seniors strategy for Canada, says a report from the IRPP Task Force on Aging.
Employment and Social Development Canada has announced the quarterly benefit amounts for Old Age Security (OAS) for October to December 2015.
Canadians are heading to the polls in a month and a majority of them don't want the TFSA contribution limit to be reduced.