Lower Taxes, Secure Retirement for our Seniors
Canada First Conservatives will put seniors back in control of their retirement by lowering taxes and reducing clawbacks.
We will:
- Allow working seniors to earn up to $34,000 tax free—$10k more than now.
- Allow seniors the option of keeping savings growing in RRSPs until age 73, up from 71.
- Protect OAS, GIS & CPP by keeping the retirement age at 65.
Our seniors should not have to work, but they should not be punished with clawbacks and taxes if they choose to. We should reward rather than punish work and those who choose to grow their savings for longer should have the chance.
Conservatives will restore the Canadian promise, protect seniors’ savings and build a Canada where a lifetime of hard work means a secure retirement.
That’s putting Canada’s seniors First, for a Change.