The upcoming meeting of federal and provincial finance ministers will touch on what's become a politically charged debate about expanding the Canada Pension Plan. Proponents have tried to convince Canadians they are not saving sufficiently for retirement with some even suggesting we are on the brink of a retirement crisis. These views simply do not reconcile with the available empirical evidence.
Santa is a senior. My guess is he never had a defined benefit pension and needs the extra cash. He knows that although Canada has made great strides in eliminating seniors' poverty, too many of our older adults still live a low-income lifestyle, especially in major urban centres where costs of living are high. This Christmas season, I urge you to remember and reach out to the elders in your life.