IMAGE CREDIT: Govt of Canada
A taxpayer-funded think tank is calling on cabinet to trim nearly $14 billion a year from benefits paid to retirees, arguing programs like Old Age Security are too generous for households with six-figure incomes.Generation Squeeze, a University of British Columbia group that once pushed for a national home equity tax, said pension programs should be scaled back to reflect “today’s needs.”
According to Blacklock's Reporter, its budget submission to the Commons finance committee recommended a $6.9 billion reduction in age and pension tax credits and $7 billion in changes to Old Age Security ...
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