Posts Tagged ‘pensions’
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Saturday, March 7th, 2015
Ensuring that everyone has adequate savings and income, and doing so without imposing new burdens on future taxpayers, calls for… an expansion of the Canada Pension Plan – and a more generous but also more targeted Old Age Security program. The CPP is an actuarially sound, exceptionally well-run, defined-benefit pension plan. All workers are covered, and their pensions really are guaranteed… expanding savings through CPP would have another enormous consequence: It would lower the price of the OAS program…
Tags: economy, ideology, pensions, standard of living
Posted in Social Security Debates | No Comments »
Saturday, March 7th, 2015
Instead of increasing TFSA contribution limits, the Harper government should consider upping the maximum contribution limits to the retirement-income shelters that have long served Canadians: RRSPs and company pension plans… TFSA expansion would allow many Canadians, especially wealthier Canadians, to build multi-million dollar, tax-free nest eggs. The TFSA is a tax shelter that mortgages the future. RRSPs and pensions are the exact opposite.
Tags: economy, ideology, pensions, standard of living
Posted in Social Security Debates | No Comments »
Saturday, March 7th, 2015
Seniors were ordered to annually withdraw – and face income tax on – a set percentage of their RRIF savings, starting at age 71. What’s more, the federal government decreed that the older you got, the more of your retirement savings would have to be withdrawn, and the more of it would be subject to tax… The policy undermines the financial health and retirement plans of millions of seniors – while doing nothing for Ottawa’s long-term fiscal health. It simply pulls future tax revenues into the present.
Tags: economy, ideology, pensions, standard of living
Posted in Social Security Debates | 5 Comments »
Saturday, March 7th, 2015
The reports… agree that the relatively new and still tiny TFSA program is growing like compound interest… it won’t be long before it is taking a huge bite out of federal and provincial government revenues…. Starting in less than a decade, the average lower- and middle-income Canadian will, over the course of their retirement, collect less OAS – but a good number of upper-income Canadians, thanks to their TFSA, may get more from OAS, even as they pay less tax on their other income.
Tags: economy, ideology, pensions, standard of living
Posted in Social Security Debates | No Comments »
Thursday, February 19th, 2015
We are about to become a country that extends patients the right to a hastened death, but offers no legislative guarantees or assurances that they will be well looked after until they die. As Canada deliberates its response to the court’s decision, federal and provincial governments will need to make substantive investments in hospice and palliative care in order to offer patients and families choices that are equitable, compassionate and real.
Tags: disabilities, Health, ideology, mental Health, pensions, standard of living
Posted in Child & Family Debates | No Comments »
Friday, February 13th, 2015
Governments do have a role in supporting our seniors. Poverty among single seniors is extraordinarily high at 20%. Long-term care will be a serious issue in the future for many seniors living longer periods with ill health. The ORPP is an expensive and poorly targeted approach to support seniors. The Government should focus with more precision to help the most vulnerable.
Tags: economy, ideology, participation, pensions, poverty, standard of living
Posted in Social Security Debates | No Comments »
Friday, February 13th, 2015
Retirees now report the lowest rates of low-income status of any age group, while more than a quarter of Canadian children start kindergarten vulnerable in ways that make them more likely to fail in school, commit crimes, and fall ill. Canadians in their 40s and younger also inherit larger government and environmental debts than their parents did a generation ago. Such evidence suggests that younger generations need to become a greater priority for policy adaptation by our governments.
Tags: budget, child care, globalization, ideology, pensions, poverty, standard of living, youth
Posted in Equality Debates | No Comments »
Tuesday, February 10th, 2015
Nine years after Stephen Harper was sworn in as prime minister, we are a more conservative land… Absolutely not, you say? Then would you support increasing the GST by two percentage points? Do you want to relax parole eligibility for sex offenders? Would you get behind some big new national program, even if it infuriated Quebec and Alberta? … If a ship filled with refugee claimants appears, should we just let them in? And how do you think your neighbours would answer these questions?
Tags: budget, child care, corrections, crime prevention, economy, globalization, Health, housing, ideology, immigration, Indigenous, jurisdiction, participation, pensions, poverty, rights, tax
Posted in Governance History | 4 Comments »
Sunday, February 1st, 2015
… “tailor-made” programs with flexible recuperation deadlines… if you don’t get a worker back within 90 days of their injury, the chances that they ever go back to work drop by 50 per cent… the WSIB hired 300 additional staff to help those injured “negotiate” their way back… The unfunded liability has been shrunk from a high of $14.2 billion to just over $9 billion in five years, the number of workers not back to work after a year has dropped by more than half and lost time claims have dropped by 17 per cent
Tags: disabilities, economy, Health, pensions, standard of living
Posted in Delivery System | No Comments »
Wednesday, December 24th, 2014
ideologically, the present government would eye the notion that this is some ‘kooky left-wing scheme’ without addressing the fact that really strong social and economic conservatives like Milton Friedman argued in favour of a negative income tax,”… In Canada, the idea of an universal basic income was first presented at a Progressive Conservative policy convention in October of 1969. Then-leader Robert Stanfield argued the idea would consolidate overlapping security programs and reduce bureaucracy… “One begins to sense, not that the ice is breaking, but the currents underneath the ice are beginning to move more quickly,”
Tags: budget, economy, featured, ideology, participation, pensions, poverty, standard of living
Posted in Social Security Debates | No Comments »
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