In 2015, Canadian pension funds stood at 89% of estimated liability for providing pension benefits to plan members, a six percentage point drop from 95% in 2014. Economists blame long-term interest rates for the decline although strong gains by U.S. and global equities in 2014 helped to offset some of the impact. Proponents of the tax argue that pension-funding liabilities are currently stronger than the 2012 low-water mark of 66%. Opponents argue that taxing pensions is unfair to the elderly and will drain pensions of funds needed to support future generations of retired workers.
19% Yes |
81% No |
11% Yes |
78% No |
7% Yes, but only for those making over $50,000 per year |
2% No, falling interest rates are already draining elderly pension payouts |
1% Yes, pensions should be taxed like any other income |
1% No, pensions should be based on private, non-taxable accounts |
See how support for each position on “Pension Tax” has changed over time for 1.2m Canada voters.
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See how importance of “Pension Tax” has changed over time for 1.2m Canada voters.
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Unique answers from Canada users whose views extended beyond the provided choices.
@4QTTX5K3yrs3Y
Yes, but only for those making over $50,000 per year. This $50,000 limit should be adjusted yearly for inflation.
@9FQ2ZJY7mos7MO
Yes, but only over an annually ajusted amount that considers cost of living/cpi
@9DW7GRS8mos8MO
Pension plan participation a must by law, those who do not have an employer plan, must participate in a government plan. All Plans, contributions based at 15% of gross income; annuity date no earlier than 25 years.
@97VBYPL1yr1Y
Only in those with over 350 thousand per year
@8VJ8ZRD3yrs3Y
No they paid their fair share of tax while working
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