Canada’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.
