This tax credit was introduced in Quebec at least a few years ago. We succeeded in having it enhanced, by lowering the eligibility age and increasing the amount.
Owing to labour shortages in just about every field across Canada, including the health sector, we believe that certain benefits should be made available to workers, not only to keep them working longer, but to bring them back into the labour force.
This career extension tax credit is significant, because people would see the positive side of continuing to work rather than retiring.
Two factors are involved.
First of all, some people have to continue to work. This kind of tax credit would enhance their income.
Secondly, the tax credit could encourage people who are thinking about retirement to stay in the labour force just a little bit longer.
The tax credit could be combined with another measure. In connection with the various contributions that workers have to pay, we could take this further and make adjustments that would lead to the elimination of contributions after a certain age.