Canada Projected to Have More Seniors Than Children This Year for the First Time: Chief ActuaryCanada’s chief actuary is projecting the country will have more seniors than children this year—the first time in history the nation has reached that population age ratio.
In 2023, Canada is projected to have 7,471,000 children, defined as individuals 0 through 17 years old, and around 7,663,000 seniors, or individuals aged 65 years and older, according to Chief Actuary Assia Billig. Children were projected to account for 19.2 percent of the population and seniors 19.7 percent.
Billig wrote the projections in her “Actuarial Report On The Old Age Security Program” published in 2020, as first reported by Blacklock’s Reporter.
New population estimates released by Statistics Canada (StatCan) on Jan. 11 show that seniors accounted for 18.8 percent of Canada’s population as of July 2022, while children aged 0 to 14 years old accounted for 15.6 percent....
Source: Canada Projected to Have More Seniors Than Children This Year for the First Time: Chief Actuary (https://www.theepochtimes.com/canada-projected-to-have-more-seniors-than-children-this-year-for-the-first-time-chief-actuary_4980838.html)