1966 there were 7.7 working-age individuals for every senior. This ratio has dropped quickly since then and stands at 3.4 in 2022. Statistics Canada projects this trend will continue in the decades ahead. There will be just 3.0 working-age people for each senior by 2027, after which the ratio will slowly fall further to reach 2.3 by 2068.
he shrinking ratio of working-age Canadians to seniors will put pressure on public finances in the years ahead as there will be fewer working taxpayers to help fund cash transfers to seniors and the increasing health care costs that will result from an aging population.
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