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Nanos Survey Reveals Majority of Canadians Support Extending Old Age Security Benefits to Seniors Aged 65-74, Despite Expert Criticism
A new Nanos Research survey reveals that over three-quarters of Canadians are in favor of expanding Old Age Security (OAS) benefits by 10% for seniors aged 65 to 74. This comes amid heated political debate, with economic experts warning against the proposed policy, calling it a “terrible idea” due to its broad application and economic burden.
The survey, conducted for CTV News, indicates widespread support across the country, with citizens of all genders and age groups backing the proposal. However, prominent economic figures like former Liberal Finance Minister John Manley and former Bank of Canada Governor David Dodge have strongly criticized the expansion, warning that the universal nature of the policy would be too costly and socially inequitable.
Bloc Quebecois’ Push for OAS Expansion
The OAS expansion is one of two key demands from the Bloc Québécois, whose leader Yves-François Blanchet has given the minority Liberal government an ultimatum to pass two private members’ bills by October 29 or risk an election before year’s end. One of these bills seeks a 10% increase in OAS for seniors aged 65 to 74.
Earlier this week, the Bloc passed a symbolic motion in the House of Commons urging the government to take immediate steps to ensure the bill’s approval. The Liberal Party, however, has resisted the measure, with most of its MPs voting against the motion. Despite this, the proposal was backed by the Conservatives, New Democrats, Greens, and some Liberal backbenchers.
Economic Concerns
The expansion of OAS benefits comes with a hefty price tag. Parliamentary Budget Officer Yves Giroux estimates the cost to exceed $3 billion annually, totaling $16.1 billion over five years. Both Manley and Dodge argue that the government cannot afford to implement such a broad policy, especially at a time when other fiscal priorities need attention.
“This is not targeted to those who need it. It’s a bad idea. It’s too expensive,” Manley said, pointing out that the policy would benefit well-off seniors who do not necessarily need financial support. Dodge echoed these sentiments, stating, “Boosting consumption for relatively well-off people is just terrible policy.”
Political Ramifications
Bloc leader Blanchet has warned that if the government does not grant a royal recommendation by the deadline, he will begin discussions with other opposition parties to trigger a federal election. Government House Leader Karina Gould, however, has hinted that negotiations with the Bloc are still ongoing, despite the public pressure.
While most Canadians seem to support the policy, economic experts and some political commentators caution that this move could have long-term consequences for Canada’s fiscal health. With the clock ticking toward the October 29 deadline, the Trudeau government faces tough choices in balancing political pressures with economic prudence.
Survey Details
The Nanos Research poll surveyed 1,058 Canadians aged 18 and older between September 29 and October 2, with a margin of error of 3.0 percentage points, 19 times out of 20.
As the political dynamics unfold, Canadians remain focused on the federal government’s next steps, which could shape the future of senior benefits and fiscal policy in Canada.
Source: Nanos Research for CTV News
