Mr. Harper is trying to balance the budget in the next three to four years without derailing a fragile recovery. But many have noted that unlike the deficit-slaying era when Paul Martin was finance minister in the mid-1990s, Mr. Harper doesn't have demographics on his side. - Joe Friesen
In the last few months we have read, heard, watched numerous articles raising doubts about our retirement options in Canada. The recommendation by some in the left is to raise taxes, so our government can return our money when we retire in ten or fifteen years.
We have Canadian comedian Ron James tell his audience he started eating cat food in preparation for the bleak future that await our senior years.
Instead of continually growing the government through inefficient taxes, civil service appointments, new regulation, more administration, why not examine, debate reduction in spending of government programs that are NOT critical?
Will Canadian voters support deep across the board cuts?
Source: Ekos Poll
Will voters continue to support strategic cuts into agenda driven NGO's, junk science and pet projects protected by the opposition parties?
The Liberals in the 1990's cut $ 25 Billion in transfers to provinces in Healthcare, Education and Social Services. They raised the requirements for eligibility for employment insurance and lost two seats out east while raising taxes. The Liberals were found guilty of illegally raising those taxes by the Supreme Court of Canada in a ruling of 7-0.
Canadian voters sent a message to the Liberals in 2006, 2008 and 2009. Growing government to return our money is not going to win many seats. Below is a small list of promises in 2008 from the government regarding the 'demographic time-bomb' and how they were rewarded at the Polls for getting it right.
Tax relief for seniors
• Will increase the Senior Age Credit Amount by an additional $1,000, on top of already planned increases.
• The age credit is available to Canadians aged 65 or older – approx. 4.4 million Canadians – subject to an eligibility phase-out based on income.
• By the fourth year of our government's term, this measure will raise the Senior Age Credit Amount from $5,177 to about $6,750, reducing seniors' tax bills by over $400-million per year. A senior receiving the full value of the credit will save more than $400 per year.
• Once the new increase is fully implemented, the cumulative effect of Conservative changes will be to raise from $12,627 to $17,673 the amount that a senior is able to earn tax-free.
• Will restore the 50% inclusion rate on U.S. Social Security payments to Canadian seniors.
• This lower inclusion rate will apply only to individuals who were receiving U.S. Social Security payments prior to January 1, 1996. It will apply on a go-forward basis only.
• Conservatives estimate this will return $20-million per year to affected seniors, based on testimony before the Standing Committee on Finance.Read more: http://www.nationalpost.com/news/story.html?id=805078#ixzz0geF8DJ2E
EKOS Poll February 25, 2010 Highlights
Q. All things considered, would you say the Government of Canada is moving in the right direction (National)
- 54% of 65+ demographic a gap of 21%
- 83% CPC voters
- 35% LPC voters
- 26% NDP voters
- 28% Green voters