Canada
Published: 1996
Total Pages: 86
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The budget includes measures to better target tax assistance for retirement savings. This document looks at various issues such as the sustainability of Canada's retirement income system (Old Age Security program, sustainability, implications of rising public pension costs, & principles for change of the OAS/GIS (guaranteed income supplement)); and at the Seniors Benefit (structure & operation of the new system, impact, examples of the new system). Annexes project levels of the Seniors Benefit in 5 years & for those age 60 & over.