So if the current government returns to power, then the pension situation for seniors and younger boomers will get worse, not better but the only change the other two parties are committed to is to roll back the age where Canadians can collect Old Age Security and the Canada Pension (if eligible and without penalty) to 65. There is a rumor out there in my circle that one of the opposition parties will also remove pension splitting for seniors. So the future of pension reform in Canada under any political party elected in the next election is not looking good.
As we move into the election cycle in Canada remember the old joke (truth) How can you tell if a politician is lying? Answer: They are talking.