With the baby boomer generation already beginning to retire, the region's workforce is set to decrease sharply if nothing is done to halt the slide over the next 20 years.

Already the region, which includes the provinces of Nova Scotia, Newfoundland & Labrador, New Brunswick and Prince Edward Island, has a significantly older population than the rest of Canada.

In 2016, 19.5 per cent of the Atlantic Canada population was aged 65 or over, compare to a national average of 16.5 per cent, according to a Conference Board of Canada report. At the same time, deaths exceed births in all four Atlantic provinces.

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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer