Harpo let the whole world in on a little secret at the World Economic Forum in Davos: he's going to cut the Old Age Security supplement to Canadian seniors.
The numbers and politics behind Harper's proposed changes to Old Age Security.
This month on the Hennessy Index: the Harper government's proposed changes to Canada's Old Age Security (OAS).
When Stephen Harper was in Davos, Switzerland, last week to address the World Economic Forum, he did not talk about the subject of the conference. Instead he presented his austerity plan for Canada.
The triumphalism of the federal government throughout the global crisis has become increasingly far-fetched, but the Harper government shows no shame in continuing to milk it for all it's worth.
Canada's population, we are frequently told, is rapidly aging. The big baby boomer cohort is headed out of the workforce, meaning that we face a future of very slow labour force growth.
When it comes to the Canada Pension Plan, a major talking point from the right is that the CPP has "unfunded liabilities," with the implication that it is financially unsustainable. This is nonsense.
The case for expanding the CPP as a response to the crisis of private pensions continues to win support -- even as the financial industry and small business lobbies continue to fight pension reform.
On This Day
Established by an Act of Parliament, the Canada Pension Plan (CPP) has been in operation since January 1, 1966
An Ontario Pension Agency which as a non-profit agency could, in net costs, save taxpayers the cost of high management fees associated with the private sector insurance business.