@GenSqueeze
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#BREAKING Liberal McGill is endorsing @GenSqueeze’s plan to reform Old Age Security to deliver more for seniors below the poverty line and generational fairness for young Canadians.
It’s time for action!
See our full statement below.👇
#cdnpoliView quoted post on X
www.gensqueeze.ca Fix Old Age Security To Deliver the Biggest Affordability Boost in Decades Join 3 in 4 Canadians calling for OAS subsidies to be based on need, not age. Making OAS responsible, modern and fair will save enough to eliminate seniors’ poverty and grow housing and income... We can't stress enough: intergenerational fairness & OAS reform is quickly becoming a crux problem in 🇨🇦
Someone needs to have the political courage to take it on in the next five years or it will spiral out of control.
Sure, raising OAS age to 67 would save ~$11B a year by making every senior wait two more years for OAS, including the poorest and most at risk.
But there's a better trade proposed by @GenSqueeze and @jeffcanadamson: test OAS on household income like we already do with the Canada Child Benefit.
→ Clawback starts at $100K income for couples, $65K for singles
→ Wind down the outdated $7B/year age and pension income credits
→ Spend $2B on a $5,000 GIS top-up for seniors in poverty
We could, and should, take this one step further and additionally consider net assets in the calculation.
~$15B a year in gross savings from this plan and we have a more direct address to the real problem – seniors' poverty.View quoted post on X
@GenSqueeze @RomanFisher__ OAS was implemented as a poverty reduction plan but has turned into a wealth retention welfare program for rich boomers. Millions of seniors who own 2 or more homes get a OAS cheque every month while mass immigration drives up their asset pricesView quoted post on X
Young people are screwed
Budget 2026 in one graphView quoted post on X
