Retirement Security for Everyone!

Canada is at a crossroads, just like it was forty years ago when it was time to do something about our health care system. Today, we need to do something about retirement income, and we need to do it soon.

It’s time to change some things

The problem with Canada’s retirement income system has become so obvious that even bank economists have started to admit the RRSP approach has failed. There’s too much risk and not enough security to ensure that, after a lifetime of work, people can retire and live out their last years in dignity.

We need to increase CPP benefits, boost low-income (GIS) public pensions so no senior lives in poverty, and introduce federal pension insurance to protect our hard-earned retirement savings.

Raising the minimum retirement income floor with more robust public pensions combined with the guaranteed protection of additional savings offers clear benefits to everyone.

Whether retirement is just around the corner or something that’s decades into the future, Labour’s plan for Retirement Security has clear benefits for everyone - no matter where you work.

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