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.
Narrow down the conversation to these participants:
@4QTTX5K4yrs4Y
Yes, but only for those making over $50,000 per year. This $50,000 limit should be adjusted yearly for inflation.
@9DW7GRS1yr1Y
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.
@9FQ2ZJY1yr1Y
Yes, but only over an annually ajusted amount that considers cost of living/cpi
@8NYFJXS4yrs4Y
No, Income should NOT be taxed.
@8DFVTYV4yrs4Y
Only for amounts above $75k.
@8DC73B24yrs4Y
Yes, for anyone making over $300'000
@8VTQKZM3yrs3Y
People on pensions make less than when they were working so they should be taxed at a lower rate since they're making less.
@8VTP6H33yrs3Y
should they be taxed on money they were taxed on when they were working? is this a serious question?
@8TWRLY93yrs3Y
Only after $50K threshold
@8P54FKL4yrs4Y
Taxation in any form is theft
@8D8S5H24yrs4Y
Only for individual income above $30,000
@97VBYPL2yrs2Y
Only in those with over 350 thousand per year
@8VJ8ZRD3yrs3Y
No they paid their fair share of tax while working
@8VGS3K43yrs3Y
Yes, but losses due to interest rates or decline in investment value should be accounted for.
@8V28JMZNew Democratic3yrs3Y
I think that they should be taxed at the rate at which they tax was when they first opened their pension account. We are currently stealing from the elderly and it's uncool
@8VRZVG93yrs3Y
yes but no more than 10% of what they make
@8VJXSJC3yrs3Y
Yes, but only for those making over $250,000
@Kerrnel3yrs3Y
Yes, if they pursue a second career
@aaliyahvNew Democratic4yrs4Y
Yes, but only for those making 75k or more per year.
@8NZWYH64yrs4Y
They should be taxed but they should be lowered
@2D8BP434yrs4Y
Yes, but a focus on taking better care of our elderly is important
@2D8G55Z4yrs4Y
Yes, depending on the pension amount
@2D7JK4Z4yrs4Y
Over a certain amount, yes.
@2D7RJP74yrs4Y
Wealthy seniors should be taxed
@2D7K9ZG4yrs4Y
Wealthy pensioners should pay more tax
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