Seven years ago former Prime Minister Stephen Harper announced he was dragging Canada’s retirement system–however reluctantly and gradually–into the future.
His solution: gradually lengthen the age of eligibility for Old Age Security and Guaranteed Income Supplement (OAS/GIS) from 65 to 67.
It never happened. Prime Minister Justin Trudeau made undoing this move one of his first priorities following the 2015 election.
There’s plenty of evidence to suggest most workers are willing and able to work well past 65, regardless of what government policy says. Statistics Canada reports more than 40 per cent of Canadians aged 65 to 69 are currently employed—with a sizeable majority saying it’s out of preference rather than necessity.
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I think they need to lower the age of retirement to 48 so that Trudeau can begin to claim his old age security before the next election.
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