Human Resources committee  It's not a win-win, in the fact that some seniors would have to work later, but those are the seniors who are healthier and can probably do it. Of course, they are going to have a much longer and healthier lifespan. It also protects the people who are sick and who can't do it.

Human Resources committee  There are many ways in which the government can, and I think there's also an issue as to the degree to which government should. Over the next, say, 20 to 30 years, there will be a reorientation, I think, in the system away from a standard retirement age of 65, even though there a

Human Resources committee  Well, if you choose to make it more attractive, there are always tax incentives you can provide. You can say to individuals that if you earn income at a certain age, you don't have to pay as much tax on it. You can change the nature of the GIS system so that less of the money is

Human Resources committee  Abstain.

Human Resources committee  I said two things. I said the OAS component—the more-or-less automatic component that's only taxed away at high incomes, actually completely up to $120,000—would be the component that you would gradually move forward in time, for later years. But the GIS component would come in a

Human Resources committee  Thank you for the invitation. I will speak only to the income security goal. As my fellow economist, Professor Tammy Schirle, told you two weeks ago, the reduction in senior poverty is a great Canadian policy success, from close to 70% 45 years ago to about 13% in 2015. No othe

Finance committee  If we think only in terms of income tax, if you put the reduction at a lower level, then it has a greater effect on reducing inequality. You have to think about these things in terms of all the possible measures that may be changed, but in terms of income tax alone, that would ce

Finance committee  Sure. On inequality, as has been spoken about, I would focus on tax preferences and on transfers. In terms of reform, I do believe there is a need for an important reform. One focus should be the sorts of problems for the tax transfer system 20 to 30 years from now. Thank you.

Finance committee  Okay. I do not dismiss the possibility that there could be this effect on other income tax brackets that would have raised some additional revenue that isn't in the usual calculation, but I do not think that approach yet has sufficient support to use for current tax policy. My

Finance committee  Thanks very much for this opportunity. I'm sorry I can't be there in person, as I normally can. I have three points. First, the question is raised of how much revenue will be increased for the high-income taxpayers' rates. I'm not going to repeat what France said. I agree with

Finance committee  I think if you're trying to influence the economy and know whether policies are working, you need to have the best possible information. I think that was an undesirable move in that direction—less information.

Finance committee  There's obviously an issue with accountability, if shareholders do not get to have meaningful input into decisions at the corporate level. I suspect that in a large number of cases it doesn't make much difference. The problem is that in cases in which it does make a difference,

Finance committee  At the moment, somebody starting a corporation in Canada can choose their regulator, and it may be that they choose regulators who are not as careful as I would expect a national securities regulator to be.

Finance committee  It is of course a problem with data that we know what happened to a previous generation but we don't really know what's going to happen to the current generation. It could be that intergenerational opportunity is deteriorating, but we just will not be able to record that as data.

Finance committee  I'll just say, really quickly, that these are really long-term things. Even when you look at the last 10 years, it's correct, as Stephen Richardson said, that when you look at that period there isn't much of an increase in inequality. In fact, this is a roller-coaster period. We