MGEC34H3 Lecture Notes - Lecture 10: Canada Pension Plan, Health Care In Canada, Disability Insurance
18 Dec 2016
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November 22, 2016 lecture 10: comparative overview of healthcare systems. Guaranteed income supplement, an supplement to the oas for low income seniors: cpp: canada pension plan, social assistance: welfare, oas: be below income threshold to be able to receive it. Funded by worker and employer contributions (as a percentage of earnings or payroll) Tax revenues are also used to pay for the programs that do not have a payroll tax or worker premium. Canada had tended to lean towards a european style social safety net. U. s. , i. e. , tougher to qualify for benefits and less generous benefits. Cpp is a big player in many infrastructure investments around the world, which are relatively safe and earn good returns) 1990s dependency ratio turned against canada: fewer people in workforce to support future retirees. 1960 dependency ratio worked for canada (baby boomers were working in labour market)
