Our Plan

We have a win-win-win plan to ensure that the big investments Canadians make in retirees achieve goals we all want.

The answer is to modernize OAS eligibility to reduce payments to affluent retirees with incomes over $100k. This change would ask 1 in 4 retirees to get about $3,200 less in after-tax income. Three quarters of Canadians approve – including seniors. Even Canada’s main seniors’ lobby (Canadian Association of Retired Persons) has opened the door to a rethink of OAS thresholds.

The savings from this one change are BIG – $36 billion over 5 years. We could accomplish BIG things with these dollars, like:

• Eliminate seniors’ poverty
• Make sure young people have access to affordable homes, education and child care
• Set the federal budget on track for balance, so we don’t live beyond our means