Ottawa, ON — After working hard and investing their savings, Canada’s seniors should not have to worry about the effect of Donald Trump’s economic vandalism on their retirement.
That is why Conservatives have announced an immediate response to protect Canada’s seniors by delaying the time by which seniors must withdraw their savings from their RRSPs by two years.
After the stock market roller coaster over the last several days, this two-year delay will save many seniors from being forced to realize losses unnecessarily. Conservatives will let our seniors keep their money invested longer, if they want, to grow and recover from any short-term losses.
Conservatives will also end Liberal clawbacks and taxes on seniors who want to stay active and work a little longer–if they choose. We will increase the basic personal amount for working seniors by $10,000, saving working seniors who earn $34,000 an additional $1,300 a year.
Canadian seniors have earned the right to enjoy their golden years. That’s why Conservatives have also committed to protecting OAS, GIS and CPP payments by keeping the retirement age at 65, ensuring seniors can retire as planned with peace of mind.
Seniors can’t afford a fourth Liberal term of rising costs and crime. We need a new Conservative government to bring down costs and crime and put Canada First—For a Change.
