Analyst warns extending retirement age to 67 could hurt provinces' bottom line

'Changes to Canada's Old Age Security program expected to be outlined in this week's federal budget will mean higher costs for the provinces, territories and municipalities, analysts warn.

Phased-in changes to the taxpayer-funded retirement program are widely expected to include raising the eligibility age for OAS benefits by two years, to 67.

The changes will mean other levels of government will be forced to top up social program supplements for low-income earners to make up for moving the qualification period by two years, says Allan Maslove, a professor at Carleton University's School of Public Policy and Administration...'

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