Good points, but I must comment on the raising of the "retirement age." Age of collecting OAS is not the same as retirement age. OAS and CPP combined do not provide an income above the poverty line, so anyone relying on those to solely fund their retirement is going to be in a rough spot. I am in the age bracket who would have first had …
Good points, but I must comment on the raising of the "retirement age." Age of collecting OAS is not the same as retirement age. OAS and CPP combined do not provide an income above the poverty line, so anyone relying on those to solely fund their retirement is going to be in a rough spot. I am in the age bracket who would have first had the 67 age of collection. I was not upset about it because I was given enough warning to place accordingly. Nobody was going to be hit by surprise with that because it would have been phased in based on your age. I don't know if it was good or bad policy, but I remember reading about it in detail at the time and not being too concerned. For me, a TFSA is one of the more flexible retirement income saving vehicles. I do remember how Morneau was dead-set against that, saying it was only for the rich. He was a doofus as FM. Glad he's gone.
He talks about increasing productivity but I see nothing here about how that would happen. (Maybe it’s in the book). My own take: profits are not being reinvested into economic infrastructure. It’s a mirror image of the public sector side, where infrastructure is allowed to decay and the spending that’s done happens when things are already shot. There is no long-term thinking. Look at VIA Rail. Or 24 Sussex.
Good points, but I must comment on the raising of the "retirement age." Age of collecting OAS is not the same as retirement age. OAS and CPP combined do not provide an income above the poverty line, so anyone relying on those to solely fund their retirement is going to be in a rough spot. I am in the age bracket who would have first had the 67 age of collection. I was not upset about it because I was given enough warning to place accordingly. Nobody was going to be hit by surprise with that because it would have been phased in based on your age. I don't know if it was good or bad policy, but I remember reading about it in detail at the time and not being too concerned. For me, a TFSA is one of the more flexible retirement income saving vehicles. I do remember how Morneau was dead-set against that, saying it was only for the rich. He was a doofus as FM. Glad he's gone.
He talks about increasing productivity but I see nothing here about how that would happen. (Maybe it’s in the book). My own take: profits are not being reinvested into economic infrastructure. It’s a mirror image of the public sector side, where infrastructure is allowed to decay and the spending that’s done happens when things are already shot. There is no long-term thinking. Look at VIA Rail. Or 24 Sussex.