OTTAWA — A group of comfortable retirees are calling on Ottawa to shrink their Old Age Security (OAS) payments, saying they don’t need the money and it would be better spent on other priorities. “It makes no sense to me that I receive Old Age Security,” said Harry Grossmith, one of 11 retirees featured in a new video produced by advocacy group Generation Squeeze. “I’m not poor, I’m not struggling and yet I receive a bonus every month just for simply being a senior.”“We don’t need and don’t want OAS any longer,” added fellow retiree Victor Grosstern. OAS is currently Canada’s costliest federal program, eating up roughly one in every six dollars of federal spending. Kershaw noted that the government tabled a $78-billion deficit, its largest ever outside the COVID pandemic in November’s federal budget.

Source: National Post February 03, 2026 20:04 UTC