Canadian Demographic Crash


 
Due to a falling fertility rate in recent decades, Canada’s workforce is shrinking. And as retirees live increasingly longer, and there are less taxpaying workers to support them, a generational tax burden is emerging.

Number of Workers to each Dependent (65+) in Canada
The working-age population represents those aged 15 to 64. Period: 1950-2050.
Canadian Demographic Crash




The 65+ age cohort cost Governments more in terms of pensions, and medical and care costs, than any other demographic group [subscriber only: ‘The Alarming Cost of Aging Demographics’]. The Canadian Institute for Health Information estimates that average spending on those aged 80+ is 7 times that of those aged 64 or younger.  This generational tax burden is therefore rising at an unsustainable rate.

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