On the revenue side, our investigation highlights the impact of changes in the working-age population on the total workforce and on the generating of taxable activity. [...] reflecting the historical margin of such cost For expenditures on family benefits, we use the increases over general inflation.6 populations up to age 17 for the Canada Child In the case of education, we divide the Benefit and provincial and territorial benefits. [...] In education, slower growth in the number of The details of demographically sensitive students relative to the working age population programs relative to GDP for each government at decreases costs relative to GDP from 4.1 percent to the beginning and the end of the projection period 3.7 percent over the 45-year period. [...] Reductions in the rate of the federal to increasing competition through regulatory Goods and Services Tax offset by increases in rates changes, and from liberalization of internal and of provincial sales taxes are particularly attractive international trade to better education and skills- because the consumption tax base is relatively matching in the labour market. [...] The bonus in the context of population aging strains involved, the pressure of population aging is that, as mentioned in the discussion of projections on revenues and expenses is best handled at the methods at the outset, the base for consumption provincial level.
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Table of Contents
- Another Day Older and Deeper in Debt The Fiscal Implications of Demographic Change for Ottawa and the Provinces 1
- The C.D. Howe Institutes Commitment to Quality Independence and Nonpartisanship 2
- About The Authors 2
- Another Day Older and Deeper in Debt The Fiscal Implications of Demographic Change for Ottawa and the Provinces 3
- Fiscal Impacts of Demogr aphic Change 3
- Figure 1 Average Annual Growth of Total Population Working-Age Population and Seniors 4
- Figure 2 Demographic Dependency Ratios 1997-2067 5
- Figure 3 Average Annual Growth of Working-Age Population 6
- Figure 4 Average Annual Growth Rates in Government Revenues 7
- Quantifying the Impacts 8
- Figure 5 Actual and Projected Demographically Sensitive Programs Relative to GDP Canada 2017- 2067 9
- Table 1 Projected Demographically Sensitive Programs Relative to GDP by Government 2022 and 2067 percent 10
- Policy Pressures and Responses 12
- Table 2 Implicit Liabilities from Age-Sensitive Government Programs 13
- Figure 6 Relative Age and Gender-Specific Tax Profiles Index 60-Year-Old Male 1 15
- Closing Comments 16
- Appendix 17
- Figure A1 Health Program Relative to GDP in 2067 by Scenario 17
- Figure A2 Population Change by Age Group 2023-2067 and Relative Per Capita Health Expenditure 17
- Table A1 Implicit Liabilities from Age-Sensitive Government Programs Various Scenarios 18
- References 19
- Notes 20
- Notes 21
- Notes 22
- Support the Institute 23
- A Reputation for Independent Nonpartisan Research 23
- Recent C.D. Howe Institute Publications 23
