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.
Statistics are shown for this demographic
Province/Territory
Response rates from 230k British Columbia voters.
21% Yes |
79% No |
12% Yes |
77% No |
8% Yes, but only for those making over $50,000 per year |
1% No, falling interest rates are already draining elderly pension payouts |
1% Yes, pensions should be taxed like any other income |
1% No, pensions should be based on private, non-taxable accounts |
Trend of support over time for each answer from 230k British Columbia voters.
Loading data...
Loading chart...
Trend of how important this issue is for 230k British Columbia voters.
Loading data...
Loading chart...
Unique answers from British Columbia voters whose views went beyond the provided options.
@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?
Join in on the most popular conversations.
