Oas

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When it Comes to Finances, Gen Y Should Be Called 'Gen Screwed'

Nine-million baby boomers will retire from the workforce over the next two decades, and when they do, they will start to consume the most expensive forms of government programs. This is great news for seniors, but terrible news for our public finances and for young Canadians forced to foot the bill. Generation Y has been dubbed the "Millennial" generation because we came of age at the turn of the new millennium. A more fitting name for this cohort is Generation Screwed.
Alamy

Your Share of Canada's Government Debt: $34,000+

The management of public finances may not have received due attention from the premiers in Halifax. But as our federal and provincial political leaders gear up for next year's budget season, they would be wise to acknowledge the seriousness of growing government debt and put forth bold plans to balance their budgets. Kicking the debt down the road simply isn't an option.
CP

He Says He'll Bring Back Retiring At 65

TORONTO - An NDP government would reverse changes to Old Age Security by restoring the retirement age to 65 instead of 67, New Democrat Leader Thomas Mulcair said Friday.The governing Conservatives in...

This Budget Misses the Mark

Small spending allotments are trampled by spending cuts to health and essential service agencies. A mention of money being set aside for Aboriginal education is accompanied by a cut of two per cent to Aboriginal Affairs, and 5.7 per cent cut to Health Canada. This seems like a "take from Peter to give to Paul" kind of game, with no one being the clear winner.

The Budget Must Take Old Age Catastrophe Seriously

With the budget coming up, we need to talk Old Age Security (OAS). The cost of the OAS program will explode, going from $36 billion in 2010 to $108 billion in 2030. Refusing to deal with this problem for partisan reasons would be completely irresponsible to future generations, if not shameful.
CP

Tar Sands Will Be Quick Sand for the Next Generation

A federal government concerned about what's being passed along to the next generation would be a leader in global negotiations for a strong, binding agreement to cut carbon pollution, put in place domestic rules to make polluters pay, and focus on building clean energy infrastructure instead of doubling down on tar sands. Instead, it's doing just the opposite.
Alamy

The Secret Cost Of The TFSA

OTTAWA - A popular savings program created by the federal Conservatives is exacerbating the fiscal pressure on public pension benefits — even as the government prepares to scale back benefits.Prime Mi...
CP/Alamy

What Old Age Security Crisis?

OTTAWA - Canada is not facing a crisis over public pensions, the country's budget watchdog concludes in a report that appears to undermine the Harper government's claim that the system is unsustainabl...
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Sunday Roundup: Sorry to Interrupt the Super Bowl

Hey there! Over here! Actually, right behind you. Sorry to interrupt The Game. Or rather, the pre-game. Or the pre-game game. Did you hear that The Huffington Post will be launching a Quebec edition this week? I know, right? They just launched France, and now Quebec. "Le Huffington Post." Sounds like a cigarette. In Quebec's case, a cigarette with cheese curds and gravy -- and really, really good news and content, like the other HuffPost sites, except better because it's in French.