Group urges Ottawa to treat OAS reform as a policy fix, not a political “third rail”
Latest news on WhatsApp أجدد الأخبار على واتسابAn advocacy group is calling on the federal government to reopen debate on reforming Old Age Security (OAS), arguing the program should no longer be considered a Canadian political “third rail.”
Generation Squeeze says Ottawa should “modernize” OAS by reducing benefits paid to financially secure retirees, including households earning more than $100,000 a year, and redirect resources toward people who need support most—without raising tax rates.
The renewed push comes as federal fiscal projections show “elderly benefits” rising in the years ahead. In Budget 2025’s expense outlook, elderly benefits are projected at $83.1 billion in 2025–26 and $88.8 billion in 2026–27.
OAS is a monthly benefit available to eligible Canadians aged 65 and older, with amounts shaped by income, age, and residency. The federal government currently lists maximum monthly payments of $742.31 (ages 65–74) and $816.54 (75+), and notes an automatic 10% increase starting the month after a recipient turns 75.
