Retirement Age

THE CANADIAN PRESS/Fred Chartrand

Liberals' 2016 Budget Opts For Big Spending Over Restraint

We've seen this story before in the mid-1990s, when out-of-control deficits and an impending sovereign debt crisis led to painful spending cuts and tax increases. The government is wrong to make the return to budget balance conditional on strong economic growth. Population aging is already taking its toll on long-term projections, and too many unforeseen events can derail the fiscal path. Only tight fiscal discipline can balance the budget within a reasonable timeframe, protecting Canadians' standards of living from future large tax increases and cuts to government services.

Independent Living Is a Top Priority Among Today's Seniors

One of the most dramatic consequences of age-related deterioration is loss of independence, and it is more feared by seniors than almost any other outcome. For many, even an untimely death seems preferable to becoming beholden to others, according to surveys. "Aging in place," as it is now widely called, is particularly popular among seniors who cherish the lifestyle they have become accustomed to and wish to maintain for as long as possible.
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...
Alamy

Do You Want to Pay $9,000 for Someone Else's Pension?

Imagine it's March, 2013 and you discover to your considerable horror that you must pay the government $9,000 in addition to the taxes you normally fork over. Sounds pretty far-fetched, doesn't it? Well, you and I, and every other man, woman and child in Canada are each on the hook for an extra $9,000 to pay for the $300 billion (or more) in promises to public sector pension plans that governments don't have the money to pay.
Alamy

Is Freedom 55 No Longer Possible?

TORONTO - A new survey of Canadians in their 50s found that 53 per cent of those polled said they plan to continue working after retiring in their 60s, in many cases to supplement their income.The nat...
Getty

Freedom 55? Forget About It

Forget about freedom 55 — most of us will be lucky if we’re able to retire by 65 or 70. Once we get there, we’ll likely have lower benefits after paying higher premium