• Ontario should test out plan for ‘basic income’

    The idea of providing a basic minimum income for everyone – no strings attached – is an alluring one that has been kicked around for decades… But designing a plan that’s effective, financially affordable and politically acceptable has proven beyond the wit of social reformers… To actually get out of poverty, Segal acknowledges in his report, people would not be able to rely only on his proposed basic income… “It is their labour that will accomplish this.”

  • Ontario Seeking Input on Basic Income Pilot

    The pilot would test whether a basic income is a more effective way of lifting people out of poverty and improving health, housing and employment outcomes. Through the consultations, Ontario is seeking input from across the province, including from people with lived experience, municipalities, experts and academics. The province will also work with Indigenous partners to tailor a culturally appropriate engagement process

  • Basic Income: Rethinking Social Policy

    There has been a resurgence of political interest in Canada in the rather old idea of a universal basic income, sometimes called a guaranteed annual income… contributors to this compendium have different views on the risks and benefits of a basic income, but all agree that we must not waste this opportunity to rethink welfare and put equality and social justice back at the centre of public policy.

  • Canada Social Report: A Compendium of Social Information

    Over the past few years, the loss of data in Canada − especially the troubling dismantling of the long-form Census − inspired the Caledon Institute to launch this effort. The Canada Social Report acts as a major hub for social information. It is a resource for the entire social sector – to give all of us a strong voice and a powerful evidence base for informed policy conversations and the formulation of intelligent policy solutions.

  • It turns out shockingly few workers will benefit from the steeper CPP we’re all forced to pay

    The whole “crisis” really centred around a subgroup of a subgroup: those middle-class Canadians without workplace pensions who were supposedly failing to save enough in RRSPs and other vehicles to keep their existing lifestyle after retirement… Before the CPP enhancements, 11.4 per cent of middle-class Canadians were over-prepared for retirement. Now, more than 16 per cent will be over-prepared…

  • Liberals are ignoring the changing realities of the retirement age

    The main fiscal problem with OAS is that its cost is projected to grow faster than the economy – and therefore faster than tax revenues – as a consequence of the baby boom. This will make balancing the books in the future that much more difficult. If tax rates do not increase, then the growth of other federal expenditures will need to be kept in check – including social, health and infrastructure transfers to provincial governments.

  • Canada Pension Plan: The New Deal

    … details of the promised changes are as yet unknown… Another aspect of the CPP affecting low-wage earners is the continued freeze of the minimum contribution – at $3,500 since 1996. It now amounts to only about $2,400 (in constant 2016 dollars). But if it had been indexed to the cost of living, this year it would come to $5,100.  We question why the minimum contribution should be frozen when all other aspects of the CPP are indexed to real wages or the Consumer Price Index.

  • CPP expansion a compromise worth celebrating

    … fewer than six in 10 Canadians voluntarily contributed to a retirement savings plan in 2014, and even those, on average, invested a paltry $3,700. During the same time, just one in 10 put away the maximum $5,500 in a tax-free savings account. The failure of these solutions confirmed that the best way to forestall the looming retirement income crisis was an expanded mandatory pension program… the new deal, achieved through the leadership of a more co-operative federal government, seems to have obviated the need for the provincial program.

  • What CPP expansion means to you

    … under the new scheme, at maturity, a Canadian earning slightly less — $50,000 in constant earnings throughout a working life — would receive a yearly pension of $16,000. That compares with the current maximum of $12,000 at that income level. Bear in mind that “at maturity” is a euphemism for about 40 years of work. And few people get the maximum. The average CPP pension is about 60 per cent of the maximum amount… Who benefits most? Young people and those in mid-career.

  • Bill Morneau’s clever Canada Pension Plan deal

    It mollifies recalcitrant provinces, such as Saskatchewan, by postponing the full cost of CPP improvements for almost a decade. It appeals to business groups because it kills Ontario’s plan to go it alone on the pension front. It wins kudos from labour because it substantively increases the payout to retirees… no one will be getting rich on the CPP. The new scheme does, however, promise to make it somewhat easier for those currently in their 20s and 30s to eventually stop working when they get old.