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The federal budget admits millennials and Gen Z are being left behind. Now it’s time to fix the system (www.theglobeandmail.com)

submitted 2 years ago by lautan@lemmy.ca to c/canada@lemmy.ca

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Even though the age pattern in spending is presently out-of-whack, the government is showing progress in delivering concrete policies that will make lives better for young people

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[-] Someone@lemmy.ca 12 points 2 years ago

The most insane part to me is that the minimum threshold to start cutting back OAS is $80,000 when it's only $35,000 for the CCB. This should be flipped, a fundamental requirement of the CCB is that you have a whole extra person (or more) to take care of. How does it make any sense that a senior needs more than double to live on than a whole family?

[-] cyberpunk007@lemmy.ca 2 points 2 years ago

What are OAS and CCB? Child care benefit tax is my guess for CCB

[-] Someone@lemmy.ca 1 points 2 years ago

Child care benefit and Old age security. They're both benefits paid out periodically throughout the year.

(They were also both in the article)

[-] Kelsenellenelvial@lemmy.ca 2 points 2 years ago

Considering the median individual income in Canada is close to $45k, that’s a good point. Maybe there’s an argument that seniors have additional living expenses with healthcare or living in an assisted living or full-time care facility, but I feel like it should then be a lower OAS clawback with supports available for those with particularly high expenses.

[-] nyan@lemmy.cafe 1 points 2 years ago

Or we could subsidize the health care and the assisted living, etc. facilities directly. I wonder if anyone's actually done a study on which is more expensive. (Of course, any attempt to do this would probably make certain whiny premiers raise even more jurisdictional issues.)