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Ontario Finance Minister Charles Sousa, left, enters the legislature next to Premier Kathleen Wynne before delivering the 2014 budget at Queen's Park in Toronto on Thursday, May 1, 2014.
Ontario Finance Minister Charles Sousa, left, enters the legislature next to Premier Kathleen Wynne before delivering the 2014 budget at Queen's Park in Toronto on Thursday, May 1, 2014.
(Nathan Denette/The Canadian Press)

The flaw in Ontario’s pension plan? Paying for it

Let’s get one thing straight from the outset. We do not have a full-blown pension crisis in Canada right now. But in another 15 years, watch out. The Canadian Association of Retired Persons (CARP) estimates that 300,000 people over 65 are living below the poverty line. That’s bad enough, but the figure could be more than double that by 2030 unless some action is taken.