Many citizens believe that Canada's Old Age Security benefits act as a safety net, lifting struggling retirees out of poverty. But in this episode of the Hard Truths pod, Generation Squeeze founder, Dr. Paul Kershaw explains the hard truth: Some seniors with two homes, seven-figure portfolios, and six-figure incomes are still collecting OAS. And not just a token amount — retired couples with $180,000 in income still qualify for roughly $18,000 a year in OAS benefits.

Paul dives deep into The Globe and Mail's "Financial Facelift" column. Every weekend, financial experts help Canadians fine-tune their retirement plans. The advice is smart and methodical, showing how to make the most of tax and benefit rules. But those columns also reveal something deeper — how our most expensive federal program, Old Age Security, has drifted from protecting retirees from poverty to padding the comfort of affluence.