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Tax cuts would hold aging workers
Friday, April 13th, 2012
April 12, 2012
At a time of continued concern about the federal deficit, it may seem strange to suggest that the way to deal with rising retirement costs and looming labour shortages in Canada is for the federal government to collect less tax from workers. But unless we undertake a major overhaul of Canada’s progressive income tax system to bring tax policy more in line with public policy, a growing number of older Canadians are going to leave the workforce, taking their skills with them and reducing their ability to save for a more secure retirement in their later years.
Tags: economy, globalization, pensions, poverty, standard of living
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