Seniors issues and pensions

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As Ontario begins work on an expanded public pension plan, the case for a comprehensive public plan couldn't be clearer: the private sector is not delivering retirement security to most Ontarians. Only one in four private sector workers belong to a workplace pension plan. And we know that financial services companies who offer RRSPs aren't doing the job either.
OTTAWA— Canada’s retirement income system may work well for the mutual fund industry but it’s failing individual Canadians, says a study released today by the Canadian Centre for Policy Alternatives (CCPA). Risky Business: Canada’s Retirement Income System, by economist Hugh Mackenzie, reviews the performance of the three components of Canada’s retirement income system: Old Age Security; the Canada and Quebec Pension Plans; and the private pension and individual retirement saving system.
This report reviews the performance of the three components of Canada’s retirement income system: Old Age Security; the Canada and Quebec Pension Plans; and the private pension and individual retirement saving system. Ultimately, the report finds that Canada’s retirement income system may work well for the mutual fund industry but that it’s failing individual Canadians.
Hennessy’s Index is a monthly listing of numbers, written by the CCPA's Trish Hennessy, about Canada and its place in the world. For other months, visit: http://policyalternatives.ca/index
Ottawa – Quatre-vingt-six pourcent (86%) des familles Canadiennes ne bénéficieront en rien du fractionnement du revenu que le gouvernement fédéral entend mettre en place selon une étude publiée aujourd’hui par le Centre canadien de politiques alternatives (CCPA).
OTTAWA—Eighty-six percent of Canadian families would gain no benefit from the proposed Conservative income splitting plan, says a new study released today by the Canadian Centre for Policy Alternatives (CCPA).
This study examines the cost and the distributional impact of three income splitting scenarios: pension income splitting; income splitting for families with children under 18, as the Conservatives have pledged; and income splitting for all families. The study finds that the impact of income splitting in all scenarios is very unequal and the lost revenue for Canadian governments would be substantial.
Inside this issue: The Ombudsperson’s Report on Seniors Care: A Brief Analysis of the Government’s (Non)Response by Marcy Cohen and Janine Farrell Are we undermining our schools by not investing enough in education? by Iglika Ivanova BC’s GHG targets and LNG: not compatible by Marc Lee BC’s public sector pensions plans need to divest from fossil fuels by Marc Lee Are big-five forest firms about to get a windfall? by Ben Parfitt
Canada's economic development model is on a collision course with the urgent need for global climate action. Worldwide, extreme weather events from drought to floods to powerful storms and record-breaking temperatures are making a powerful statement that climate change can no longer be denied.
In the microcosm of our daily lives, many Canadians make politically-conscious choices about what to buy. Whether it’s drinking fair trade tea or coffee, using eco-friendly cleaning products, eating locally-produced food, avoiding clothes made in sweatshops, or refusing to buy war-toys for their kids, many Canadians are voting with their pocketbooks.