January 7, 2015
Nova Scotia faces a $89 billion fiscal burden – the future tax bill for increased healthcare costs over the next half-century – and should prepare now for the coming demographic squeeze, says a report released today from the C.D. Howe Institute. In “Delivering Healthcare to an Aging Population: Nova Scotia’s Fiscal Glacier,” authors William B.P. Robson, Colin Busby and Aaron Jacobs find that the current configuration of demographically sensitive spending threatens to require a 70 percent increase in the province’s tax take.
