Elderly Benefits to reach $103.2 billion by 2030

VANCOUVER—Spending on taxpayer-funded federal income support programs for Canadians aged 65 and older are expected to reach $103.2 billion, an increase of 70 per cent, by 2030 as a result of Canada’s aging population, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.