Saturday, December 16, 2023

Letter to the Globe - Time to Stop Privileging the Interests of Oldsters Such as Me Over Those of Young Parents with Children

Here's another letter to the Globe; I sent it in a week ago, and an edited version was published in today's paper. I'll publish the unedited version here; I thought it was a shame that they cut the credit to Paul Kershaw in the published version. Also, I found it interesting that, in the final sentence, the Globe changed "There's no good reason" to "I see no good reason."
Re Attention older homeowners (December 9): Thanks to Paul Kershaw for drawing attention to the degree to which our tax system privileges older people over those raising children. Old Age Security payments to oldsters such as me (who no longer have rent or mortgage payments to make) should start to be clawed back when our incomes reach $40,000—half the current level of $80,000. And Canada Child Benefits payments to those raising children (most of whom have heavy rent or mortgage payments to make, as well as child-related expenses) should not start to be clawed back until household income exceeds $70,000—double the current level of $35,000. There’s no good reason to put the financial interests of older Canadians over those of young parents—and young children.