A win-win-win plan
Our plan protects financially insecure retirees, strengthens investments in young and working-age Canadians, and shores up Canada’s finances in uncertain times. All without raising taxes.
The change we need is simple. Ask retired couples with incomes over $100,000 to take slightly less from OAS. About one in five would see a reduction of roughly $3,200 after tax — while some single seniors would actually receive more.
Even at $100,000, the OAS threshold remains far more generous than the $81,000 cut off for the Canada Child Benefit, and well above Canada’s median household income of $74,200. That’s why three-quarters of Canadians — including three-quarter of seniors — support this plan.
This one change can deliver big things. We could virtually eliminate seniors' poverty, and invest billions more in:
- Making homes, education and child care more affordable
- Expanding benefits for low-income working people
- Defending Canada’s economy and sovereignty
- Putting the brakes on ballooning deficits
