Canadian of all ages call for responsible reforms to Old Age Security
From the National Press Theatre on Parliament Hill, Gen Squeeze showcased once again that our practical plan to reform OAS embraces a vision of intergenerational solidarity that Canadian of all ages share.
From the National Press Theatre on Parliament Hill, Gen Squeeze showcased a new video confirming that our practical plan to reform Old Age Security embraces a vision of intergenerational solidarity that Canadian of all ages share.
By the end of the decade, Canada will send $17.5 billion a year in OAS subsidies to retirees with over $100,000 in household income — an amount 9 times larger than the Groceries and Essentials Benefit, and 7 times larger than suspending the federal gas tax. In the midst of a cost-of-living crisis, older and younger Canadians are joining forces to say that this no longer makes sense.
The video echoes findings from our 2026 and 2024 polls, which show that three-quarters of Canadians support trimming OAS subsidies for retired couples with six-figure household incomes. Support is consistent across all ages, regions, incomes, and political parties. For two years running, Canadians have rejected the status quo on OAS.
Responsible OAS reform would protect or improve benefits for 80% of recipients, while asking the top 20% to accept about $3,000 less a year. The result is $7 billion in savings today, and $9 billion by 2030 — drawn entirely from households with one-third more income than the family median.
The case for OAS reform becomes even clearer when compared with Ottawa’s broader fiscal efforts. The federal government is working hard to generate about $12 billion in annual savings through its comprehensive expenditure review — while one well-designed OAS reform could deliver nearly as much as its own.
As Canadians continue to navigate ongoing affordability pressures, we can no longer afford to overlook changes that deliver this scale of impact. Reforming OAS would unlock enough savings to lift all seniors out of poverty and help young and working-age people afford homes, childcare, and postsecondary education – without raising taxes or growing the deficit. That’s an intergenerational win-win.
That’s why:
- Thousands of Canadian of all ages from coast to coast to coast have signed up to support our plan for responsible reforms to OAS.
- Hundreds of seniors have written to elected officials asking Ottawa to act — and have echoed this message publicly in videos, quotes, and in the media.
- These seniors are joined by an even greater number of young people who can't make sense of a system that subsidizes retirees with six-figure incomes while they struggle to afford the basics.
Transformative improvements to affordability are within reach, and Canadians are ready for Ottawa to seize them. To build a stronger Canada in which all seniors live in dignity and younger generations can afford to build a good life, responsible reforms to OAS are the clearest place to start.
Join us in reaching the finish line on the biggest upgrade to income security in a generation.