10 results found for "guaranteed annual income"
Op-Ed
The accumulation of past failures in fighting poverty has breathed new life into proposals to introduce a basic income, also known as a Guaranteed Annual Income. Ontario, for example, has a pilot project underway championed by former senator Hugh Segal. But, is the basic income approach, where governments provide direct financial support to low-income people, the best approach? Basic income…
Event
Join us for a briefing on why a comprehensive, one-size-fits-all Guaranteed Annual Income should not be seen as the ideal goal by policymakers. Long-standing social objectives, including antipoverty goals, can be met by a more multidimensional understanding of poverty and by developing a new generation of social programs. Inside Access is an exclusive, members-only opportunity: 30 minute…
Event
Advocates of the expanded CPP call the new plan “fully funded,” and emphasize the security and reliability of its promised benefits. In an uncertain world, however, even the Canada Pension Plan makes no guarantees. Ottawa and the provinces should explain the risks of the plan more clearly, and create new regulations to protect younger Canadians by limiting potential contribution-rate increases.…
Op-Ed
The bankruptcy of Sears Canada, and the threat that its underfunded pension plan won't pay what it promised, has caught the attention of members of Parliament. Understandably so. People don't get a second chance at retirement. Getting an annuity less than you counted on is a terrible blow. After the sponsor of an insolvent pension plan has gone bankrupt, moreover, governments have no happy…
Op-Ed
Low fertility rates, increasing life expectancies and the aging of baby boomers are causing Canada’s old-age dependency ratio to rise. This increase in pensioners relative to the working-age population will strain the sustainability of our social security system. Should the age of eligibility (AOE) for seniors’ programs be raised? If so, when? Since Ottawa seems to be avoiding the problem, we…
Op-Ed
Canada faces a troubling trend in the skills levels of its work force. Despite more Canadians obtaining a postsecondary education between 2003 and 2012, literacy and numeracy skills have slid. What gives? According to OECD international surveys of adult skills in seven participating countries, including the Netherlands, New Zealand, Australia, Norway, Italy and the United States, the problem with…