Right now, retired couples with $182,000 of income can get $18,000 a year from Old Age Security (OAS). Taxpayers are spending $14 billion to subsidize retirees with six-figure incomes. That’s inefficient, unfair, and inconsistent with Canadians’ values about helping those most in need.

The fix is for Ottawa to update OAS eligibility by asking retired couples with household incomes over $100,000 to take slightly less - about $3,000 a year on average. The $7 billion we will save is enough to eliminate seniors poverty, and grow housing and income security for young and working age people.