Canadians support reducing OAS for wealthy seniors poll

As Canadians grapple with shifting financial landscapes, a recent poll sheds light on public sentiment regarding the Old Age Security (OAS) program. This vital financial support system for seniors faces scrutiny, particularly concerning its sustainability and equitable distribution among retirees. With nearly three-quarters of the population, including a significant number of retirees, supporting reforms, the discussion around OAS is more relevant than ever.

Support for trimming OAS benefits among higher-income seniors

A new poll indicates that 73% of Canadians are in favor of reducing Old Age Security payments for seniors earning over $100,000 annually. This sentiment is echoed by a majority of retirees, with approximately 75% expressing similar views. The proposal seeks to adjust OAS benefits to better reflect the financial realities of higher-income households.

This initiative, led by Generation Squeeze, a group advocating for economic reforms that benefit younger generations, has garnered support across political lines. The poll reveals that:

• 79% of Liberal voters support the proposal.
• 77% of Conservative voters agree with the changes.
• 78% of NDP voters are also in favor.

Understanding the current OAS structure

Under the existing OAS rules, retired couples can receive the full benefit of approximately $18,000 annually even if their combined income exceeds $180,000. This has led to concerns regarding the equity of the program, with only a small fraction (about 4%) of seniors completely excluded due to high incomes.

The OAS program represents a substantial fiscal commitment from the Canadian government, costing around $85.5 billion in the 2025-26 budget. As the population ages, the financial burden is projected to rise significantly, potentially exceeding $100 billion annually by 2030.

The implications of proposed changes

Generation Squeeze advocates for targeted adjustments to the OAS program, suggesting a new structure that would:

• Scale back benefits for the 20% of senior households with incomes exceeding $100,000.
• Maintain or even enhance benefits for the remaining 80% of lower-income seniors.
• Increase support specifically for single seniors, who often face greater financial challenges.

These proposed changes aim to save the government approximately $7 billion per year, contributing to long-term fiscal sustainability while ensuring that vulnerable populations receive necessary support.

Wider public sentiment regarding tax credits

The poll also highlights a growing willingness among Canadians to reevaluate existing tax credits. Approximately 60% of respondents support phasing out the Age Amount and Pension Income tax credits, which Generation Squeeze estimates could save an additional $7 billion annually. This willingness to reconsider tax policies is indicative of a shift towards prioritizing equitable resource distribution.

Methodology and significance of the poll

The findings are based on an online survey conducted from March 12 to March 14, 2026, with a sample size of 1,001 Canadian adults. While online polls do not carry a standard margin of error, the document provides an estimated margin of +/- 3.1 percentage points, 19 times out of 20, allowing for a clearer understanding of public opinion.

Paul Kershaw, founder of Generation Squeeze and a public health professor at the University of British Columbia, emphasizes that these results challenge the perception that OAS reforms are politically toxic. He asserts, “These new national poll data should reset how federal leaders think about OAS.” Kershaw believes Canadians are open to reforms that could significantly enhance income security for all seniors.

Potential political ramifications

The robust support for OAS reform could have considerable implications for political leaders. As they navigate their platforms in the lead-up to elections, the willingness of Canadians to embrace changes to the OAS program may influence policy decisions. Candidates may find it beneficial to align their proposals with the public's desire for equitable reform.

By focusing on the distribution of resources and the sustainability of social programs, politicians may resonate more effectively with voters concerned about fiscal responsibility and age-related financial security.

Conclusion

The dialogue surrounding the Old Age Security program is evolving, with a clear call from Canadians for a more equitable approach to senior benefits. As political leaders take note of public sentiment, it remains to be seen how these insights will shape policies that impact the financial well-being of future generations.