Posts Tagged ‘pensions’

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The hard truths Mark Carney’s economic turnaround plan must address

Sunday, September 29th, 2024

… trade barriers among provinces and territories reduce economic activity by as much as $200 billion per year. And lack of harmonization of rules, regulations and standards among jurisdictions stunts economic and productivity growth, elevates consumer prices, restricts labour mobility and slows the pace of new housing construction… Restoring the federal portion of the GST to its original seven per cent would generate about $28 billion in government revenues in 2028-29… equal to almost three-quarters of this year’s projected federal deficit.

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Who wants you to believe taxes have risen 2000 per cent? Would-be Prime Minister Pierre Poilievre for a start

Thursday, August 8th, 2024

For decades the Fraser Institute has been using its ample resources to disconnect taxes in the public’s mind from all the benefits, services, programs and infrastructure that taxes provide… the effective tax rate Canadians pay has increased by 28 per cent since 1961… But… government today provides a lot more benefits than it did in 1961 — most notably, universal health coverage and old age pensions — major programs that have become essential to the well-being and financial security of Canadians.

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How should the new Canada Disability Benefit interact with existing disability supports?

Wednesday, February 28th, 2024

For the new Canada Disability Benefit (CDB) to meet its goal of financially supporting and reducing poverty of people with disabilities, it will need to supplement existing supports rather than causing them to be clawed back. This policy brief analyzes how the new CDB should interact with provincial/territorial social assistance programs and the federal Canada Pension Plan disability benefit (CPP-D).

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Quebec basic income program begins, but advocates say many low-income people excluded

Sunday, January 29th, 2023

The program, aimed at 84,000 Quebecers with a “severely limited capacity for employment” such as a chronic illness or mental health condition, will provide an increase of more than 28 per cent for a single person, the government says… they will also have the ability to earn about $14,500 a year in wages – up from $200 a month – and have up to $20,000 in savings, all without losing benefits.

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Let’s Fix Bill C-228 Before It’s Too Late

Monday, December 12th, 2022

Bill C-228 will affect that delicate balance by impeding access to capital in a way that will not foster expansion of cost-efficient plans, like defined benefit plans. It won’t fortify pension security or even maintain current levels of future benefit accrual.  This is a terrible bill. It will not strengthen our pension system. It will weaken it.

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Don’t delay federal disability benefit

Saturday, November 12th, 2022

Ten per cent of able-bodied working age adults live below the poverty line, compared with 14 per cent of those with mild disabilities and 28 per cent of those whose disabilities are severe… The Accessibility for Ontarians with Disabilities Act Alliance highlights other problems with the bill… It doesn’t detail “the size of the benefit, when it will start, how much if any will it be increased due to inflation, and who is eligible for it.”

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It’s good the government has promised a Canada Disability Benefit. Here’s how to fix the flawed bill

Saturday, November 12th, 2022

The CDB shouldn’t be restricted to “working age” people. The bill should set a mandatory minimum CDB amount, indexed to inflation, and a mandatory start date for paying it… The bill must set specifics on things like eligibility, requirements that cabinet’s regulations can clarify but can’t contradict… It should require that none of the benefit will be clawed back by federal, provincial or territorial programs.

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Ontario Ministry of Health reverses course on guardianship requirement for disabled woman

Wednesday, September 14th, 2022

Ontario will stop requiring disabled people who are unable to manage their own finances to have a court-appointed guardian to receive home-care funding as adults. The policy change comes just weeks after the Star reported on the case of Maggie Hickey, a 19-year-old Kingston woman whose parents were told they would lose funding for Maggie’s personal support workers unless they imposed formal guardianship on their daughter.

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Antiquated thinking about old age hinders Canada’s economic and social development

Tuesday, May 24th, 2022

A revised conception of old age would significantly decrease the number of people classified as old and would more accurately reflect the total number of people in Canada’s working age population. A modern definition would also mitigate stereotypes of older workers and ageism while prodding governments to reform outdated laws and provide a boost to an economy often facing worker shortages. 

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Senators overwhelmed by emails, calls pushing conspiracy theories about basic income legislation

Thursday, March 31st, 2022

… there’s nothing new about conspiracy theories but the pandemic has “pushed them into hyperdrive,” fuelling a movement of people willing to believe there’s a global movement to “enslave” humanity… people in these online forums are largely unaware of how the government operates — or how a bill is passed through Parliament — and those knowledge gaps “are easily filled with fantasy.” “It’s easy to see a sinister plot when you don’t actually understand how the government works.

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