Canada faces demographic pressures from an aging population, labour market shortages and increased life expectancy. Yet, notwithstanding some recent reforms, public policies—including the eligibility ages for the Canada Pension Plan (CPP) and Quebec Pension Plan (QPP)—favour low retirement ages and access to early retirement benefits. This paper presents new data on the fiscal impact of gradually raising the age of eligibility for retirement benefits in Canada. A gradual increase in retirement ages as examined in this paper would increase the CPP's assets by $982 billion by 2050....
Read this report from the Mowat Center here.
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