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“More Canadians are 65 and over than under age 15” – As a CPA how are you dealing with the accompanying problems?

In a report by CBC News StatsCan:

For the first time ever, there are now more people in Canada age 65 and over than there are under age 15, according to Statistics Canada.

The data agency said Tuesday that Canada’s population sat at 35,851,800 at the start of July, a figure that has increased by 308,100 or 0.9 in the past year. That’s the smallest annual increase in 17 years, but still the largest pace of growth seen in any G7 nation.

Much of growth came in the form of people coming from other countries, as migration accounted for 60.8 per cent of the population growth. The rest was natural population growth, as people already in Canada had children.

Read more:

http://www.cbc.ca/news/business/statistics-canada-seniors-1.3248295

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