Posts Tagged ‘pensions’
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Say goodbye to your $10,000 TFSA, but here’s why it’s not so bad
The TFSA has proven to be popular with low-income Canadians who gain no real benefit from registered retirement savings plans, which are geared toward people with high marginal tax rates in their prime working years wanting to defer tax into the future, when they will have a lower marginal rate… TFSA… balances won’t be growing quite as quickly… [but there are] no plans to count withdrawals when it comes to income testing for programs like Old Age Security or the Guaranteed Income Supplement.
Tags: budget, economy, ideology, pensions, standard of living, tax
Posted in Debates | No Comments »
Tall order for Finance Minister Bill Morneau
Balance the budget in 2019-20 while “continuing to reduce the federal debt-to-GDP ratio throughout our mandate.” / Implement a promised middle-class tax cut by raising taxes on those earning more than $200,000. / Cancel “income-splitting” for families while retaining it for seniors / Bring in a new and enhanced Canada Child benefit / Enhance” the Canada Pension Plan / Mount a massive 10-year infrastructure program / pare back the Conservatives’ boutique tax credits…
Tags: budget, child care, economy, featured, ideology, Indigenous, pensions, poverty, standard of living, tax
Posted in Governance Policy Context | No Comments »
The age of unretirement
The notion of “retirement” is an entirely post-Second-World-War phenomenon, the product of rapidly increasing lifespans and the creation of the welfare state. It should be abolished. This doesn’t mean we’re interested in 60-hour workweeks and performance reviews from people 20 years our junior. Hell, no. We need flexibility, autonomy, and plenty of time to [insert passions here]. Fortunately, as the working-age population shrinks, the world is going to need us…
Tags: economy, ideology, participation, pensions, standard of living
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Finance Minister Bill Morneau could be just what Parliament needs
In the past, he has written that the welfare state is big enough already, and that Canadian taxes are as high as they can go… he seems motivated by a sense of duty, coupled with a businessman’s zeal for problem-solving… Today, he has softened his views on stopping the growth of the safety net. As standard-bearer for Liberal economic policy, he enthusiastically touts the party’s pledge to raise the Guaranteed Income Supplement for single, low-income seniors; bolster the Canada Pension Plan; and ease access to employment insurance.
Tags: economy, ideology, pensions, standard of living, tax, youth
Posted in Debates | 2 Comments »
Canada finally has a minister of social justice
The new prime minister’s message was clear: Supporting families – lifting them out of poverty, helping them find affordable housing, getting them into the workforce and improving their children’s life chances – is a stand-alone job, one that remains at the top of his agenda… Duclos founded the Poverty and Economic Policy Research Network. He served as a page in the House of Commons under Pierre Trudeau and joined Canada World Youth, an international organization than trains volunteers 15-to-35 to be community workers at home and abroad.
Tags: child care, crime prevention, disabilities, economy, Health, homelessness, ideology, participation, pensions, poverty, standard of living
Posted in Governance Delivery System | 1 Comment »
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