Should we scrap seniors’ discounts?

Once people hit their golden years, one thing they look forward to is the prospect of seniors’ discounts.

But, with half a million baby boomers turning 65 every year in Canada, it may no longer make financial sense for the government to keep offering price breaks, reports Canadian Business.

That’s partially because, as a report released earlier this year argues, “[government] discounts offered to one segment of the population must inevitably be recouped from the pockets of another.” Read more.

For more on seniors and financial planning, read:

Should clients take advantage of lower RRIF withdrawal rates?

Canada’s governments consistently miss spending and revenue targets

The case for global bonds in a low-yield world

Is a home a nest egg or investment risk?

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.