Progressive Income Tax: Retirement

Canada Dept: But unless we undertake a major overhaul of Canada's progressive income tax system to bring tax policy more in line with public policy, a growing number of older Canadians are going to leave the workforce, taking their skills with them and reducing their ability to save for a more secure retirement in their later years, according to Winnipeg Free Press. With unemployment at the time at nine per cent, his comments probably gave his campaign advisers heartache and at a time of continued concern about the federal deficit, it may seem strange to suggest the way to deal with rising retirement costs and looming labour shortages in Canada is for the federal government to collect less tax from workers. In the last election, Prime Minister Stephen Harper signalled labour shortages would emerge as a major issue in future. (www.immigrantscanada.com). As reported in the news.