Posts Tagged ‘pensions’

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New poll shows surprising support for anti-poverty plan

Saturday, December 14th, 2013

Is it really possible to have a poverty-free Canada? For many experts, the answer is a clear yes, and the best way to reach that goal is through a guaranteed annual income… The survey showed more Canadians like the idea than oppose it… it’s the first time a national poll has ever asked Canadians what they think of the idea of providing everyone with a guaranteed income… a single, cash payment that would replace all current social programs, such as welfare and employment insurance.

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Disabled in Ontario increasingly forced onto welfare

Saturday, December 14th, 2013

From its origins in the 1960s as the disability benefit of last resort, the Ontario Disability Support Program has become the only financial assistance available for a growing number of Ontarians… Due to the rise of part-time, contract and other forms of non-standard work, more and more Ontarians who become sick, injured or disabled no longer qualify for Employment Insurance sickness benefits, workers’ compensation or workplace disability benefits…

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Stop Stephen Harper’s destruction of our social safety net

Friday, December 13th, 2013

Social programs that took generations to build are being insidiously eroded by Conservatives obsessed with creating a leaner government at the expense of Canadians in need… Prime Minister Stephen Harper’s penchant for secrecy, disdain for Parliament, his quashing of dissent, and a ruthless strategy of pursuing a thousand small cuts rather than one big one, have allowed him to loot treasured programs without rousing the ire of Canadians.

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Tories shrug off income equality

Friday, December 13th, 2013

It is a pathetic piece of work… It says nothing about lifting low-income Canadians out of poverty, nothing about tackling the desperate shortage of affordable housing in the country, nothing about increasing the Canada Child Tax Benefit, nothing about improving public pensions and nothing about shoring up the country’s deteriorating social programs… It took the Tories 18 months to push one of the important issues facing the nation off the political agenda.

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A simple, feasible way to expand CPP

Thursday, December 12th, 2013

An expansion of the earnings cap is both feasible and simple to administer. Only employees with above average wages would be subject to the higher contribution rates, limiting the impact on small business… employees and employers can negotiate changes to wages or workplace pensions to incorporate the new CPP structure… this kind of CPP reform could alleviate some of the financing pressures faced by workplace pension plans.

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CPP expansion better option

Tuesday, December 10th, 2013

Ottawa has balked at increasing CPP payouts or premiums, likening them to a “job killing” payroll tax that could stall Canada’s struggling economy. What isn’t in debate, however, is how unprepared a growing number of Canadians are for their retirement. Many leave the workforce with no formal retirement plan, having saved far too little through such vehicles as Registered Retirement Savings Plans or tax-free savings accounts. Many retirees still carry debt, including mortgages.

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Canadians, not governments, should make pension decisions

Tuesday, December 10th, 2013

First, 23 per cent of Canadian households are ill-prepared for retirement, most of them wealthier households. A portion of the middle class is also in the same situation, as well as many young people who have not yet saved much at all. Second, Canadians with the lowest incomes are those whose financial situations in retirement are best protected by current programs. This explains why of all age groups, those aged 65 and over have the lowest poverty rates…

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Disability in December

Tuesday, December 3rd, 2013

The Caledon Institute has proposed a new Basic Income for persons with severe disabilities that would replace welfare with an adequate federally delivered benefit… provincial and territorial savings would be reinvested in a wide range of disability supports… Ottawa could… create a fund that would allocate monies to the provinces and territories to encourage investment in a comprehensive system of supports. These goods and services provide essential assistance not just to persons with disabilities but also to the entire population.

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Meanness linked to growing inequality

Sunday, November 24th, 2013

“mean” behaviour could be connected to the increasing economic inequality we are experiencing. Not only are individuals becoming more economically marginalized, but whole social and economic groups are being downgraded. The middle class is shrinking, young people’s hope for their futures are being postponed… and more and more older people cannot afford to retire, but must work until they can no longer do so. Equality of opportunity is becoming a thing of the past, and parents have lower and lower hopes for their children.

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The EI ripoff

Wednesday, November 20th, 2013

Now some provincial premiers are beating the drum for a huge hike in the deductions taken from our paycheques for the Canadian Pension Plan: They argue that Canadians aren’t saving enough for retirement. But a working Canadian couple could save over $67,000 in 10 years, if they simply were allowed to keep their EI contributions in their own, personal, tax-sheltered rainy-day fund. They could use the money in the event of a job loss or keep it for their retirement.

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