Dear John,

In just over 20 years from now, nearly one-in-four Ontarians will be over the age of 65!

That means there will be fewer working-age people paying taxes, but also significantly higher health-care costs as seniors use more health services than do younger people.

That's the finding of a new Fraser Institute study out today, which shows that the province’s aging population means Ontario is unlikely to balance a budget at any point over the next 20 years unless the government makes changes to its spending.

And the risk of future recessions, rising interest rates, and other unexpected events will only compound problems further.

Learn more about how Ontario’s aging population will impact provincial finances by checking out the full study here.

Stay safe,

Niels