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Policy Briefing: Canada’s Aging Society

Productivity gains, phased retirement needed in an aging economy

Experts say policies needed to encourage private sector investment in productivity and keep people working later in life.
Though not yet enshrined as policy anywhere north of the American border, this sort of program, officially called the Silver Alert program in the United States and similar to the AMBER Alert system for children, is attracting attention in British Columbia thanks to a private member’s bill introduced into the province’s legislature in February
We are now presented with an opportunity to truly make a difference in the lives of today’s seniors. The federal government needs to seize it.
Statistics Canada found that 92 per cent of seniors older than 65 lived in private homes while eight per lived in collective dwellings such as nursing homes and other institutional-care facilities in 2011.
No one should have to grow old in poverty, insecurity, and isolation. But families are being squeezed and older Canadians are not getting the care and support they need.
NDP MP Claude Gravelle’s private member’s bill would require the feds to collaborate with provinces on a coordinated response to rapidly growing health crisis.
The government is helping caregivers through the Family Caregiver Tax Credit, a 15 per cent non-refundable credit to help provide financial relief for caregivers of infirm dependent relatives, spouses, common-law partners and children.

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