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Reposted
Roughly $14 billion of Old Age Security payments go to retirees in households with six-figure incomes, while 400,000 seniors live in poverty. That’s not the most efficient use of an $83 billion program. globalnews.ca/news/1165019...
Old age security reform can’t be political ‘third rail,’ group urges - National | Globalnews.ca
OAS benefits support eligible Canadian seniors aged 65 years or older with monthly payments from the federal government, funded through general tax revenues.
globalnews.ca
February 4, 2026 at 1:34 AM
Roughly $14 billion of Old Age Security payments go to retirees in households with six-figure incomes, while 400,000 seniors live in poverty. That’s not the most efficient use of an $83 billion program. globalnews.ca/news/1165019...