The budget outlines plans to spend $12 billion over the next five years to finance both a 10 per cent increase in the Old Age Security (OAS) benefit starting in 2022 as well as a one-time $500 payment to OAS recipients 75 and older. Article content
While much has been made of the recent federal budget, which includes new and expanded spending on stimulus, national daycare, new green initiatives and much, much more, there has been relatively little discussion about its increased payments to seniors. But they are one of the most ill-considered policies announced in the budget.
The budget […]
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