According to the federal budget today we get to say goodbye to the smallest member of our currency family. I do not think I'm alone in saying that it's about time. When inflation has made it so that the value of the penny is less than its buying power, I think it's time to let it go.
On another note, the OAS age will be pushed up to 67 starting in 2023 and being phased in over 6 years. I heard someone on the radio today who was interviewed on the street call it a cash grab. I cannot say I agree. I believe it makes sense with how the Canadians are living longer. I have come to terms with the fact that I will likely be working until I am 70.
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