Advertisement
Promises to drop OAS age back to 65 if elected as well
Tom Mulcair announced that an NDP federal government would increase the Guaranteed Income Supplement (GIS) for seniors by $400 million.
The NDP leader made the announcement Monday during a campaign stop in Toronto suggesting that the boost would help lift 200,000 vulnerable seniors out of poverty.
The GIS is a government benefit given to low-income seniors and is separate from Old Age Security (OAS).
The party also promises to reverse the Conservatives’ proposal to change the OAS eligibility age from 65 to 67.
“The number of seniors will nearly double in the next 25 years. The NDP is the only party with a national seniors’ strategy that will ensure that everyone can age with dignity,” Mulcair said in a press release.
The announcement comes after the other opposition parties recently pledged expanded benefits and boosted tax credits.
The Liberals promised to offer lifetime pensions to Canadian veterans and to expand the compassionate care benefit, while the Conservatives pledged to boost the withdrawal amount for the Home Buyers’ Plan, increase the adoption tax credit and reintroduce the home renovation tax credit.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
If you’re one of the many Canadians looking for Black Friday and Cyber Monday discounts, here’s how to know...
A new Desjardins report predicts rent inflation will slow in the next few years.
High demand has made it challenging to get tickets for Taylor Swift and other big artists in Canada, and...
The oilsands giant will return all excess cash to shareholders after hitting debt target early.
Shopify reports third-quarter net income of USD$828 million, and its executives aren’t concerned about how Trump’s election win will...
Experts say Donald Trump’s promised policies risk higher inflation and could weigh on the Canadian dollar.
The U.S. election made the market go up—for now. Is volatility keeping you up at night? Here are some...
Get rich quick or risky business? Options trading is accessible but not for everyone.
The former U.S. president’s second election victory sparks concerns over a ripple effect on the Canadian economy.
Trump win ignites crypto frenzy that sends bitcoin to a record high.