This presentation will look at old age security pensions for Canada. It will look at the policy change from moving the age back from 67 to 65.

1. OLD AGE SECURITY –
CANADA - ANALYSIS
BY: PAUL YOUNG, CPA, CGA

2. DISCLAIMER
• This presentation is one opinion of Old Age Security

3. PAUL YOUNG - PRESENTER
Bio
• CPA/CGA
• 25 years of experience in Academia, Industry and Financial solutions
• Youtube Channel - https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg

4. AGENDA
• What is OAS
• Life Expectancy
• Payments
• Program Cost
• Policy Analysis

5. WHAT IS OAS?

6. OAS – LIFE EXPECTANCY

7. OAS – PAYMENT / INDIVIDUALS

8. OAS – PROGRAM COSTS

9. OAS – LIBERAL PROGRAM - 2016
• Prime Minister Justin Trudeau says next week’s federal budget will
return eligibility for Canada’s Old Age Security pension to 65 years
old.
• Canadians are living longer and healthier lives, and the OAS program
needs to reflect this new reality and provide the option for individuals
to work longer and receive higher retirement benefits,” Conservative
MP Karen Vecchio said in a statement.
Source - http://www.theglobeandmail.com/news/politics/liberals-to-
return-oas-eligibility-to-65/article29271018/

10. OAS – KEY VIDEO
• PBO Comments - http://www.theglobeandmail.com/news/politics/keeping-
oas-age-at-65-will-eventually-cost-112-billion-a-year-budget-
watchdog/article29673290/
• The program will required risk tests to ensure the program is sustainable
• Government Pension (OAS)
• https://www.youtube.com/watch?v=2APFL728M-M
• OAS was designed to moved seniors out of poverty
• Paid out of general revenue
• Life expectancy has increased
• Program has to be sustainable
• https://www.youtube.com/watch?v=ZJO_SlEbwDo

11. POLICY CHANGE FROM 67 TO 65 – OLD
POLICIES
Globe & Mail
Additional revenue or spending cuts
will be required
• Hiking personal income tax
• Hiking consumption tax
• Cutting program spending
• Hiking Corporate Taxation

12. PENSION / ANALYSIS – GLOBALLY