The Prime Minister, Justin Trudeau, today visited Scarborough, Ontario, and highlighted Budget 2019 measures to improve the quality of life for Canada’s seniors now, and for generations to come.
Through Budget 2019, the government is proposing new measures so that Canadian seniors can enjoy a more financially secure retirement. These measures include:
- an increase to the Guaranteed Income Supplement (GIS) earnings exemption so that low-income seniors who choose to keep working can keep more of their hard-earned income
- pro-active enrollment in the Canada Pension Plan for contributors who are 70 years old or older to make sure they are receiving the pension payments they are entitled to
- increased protection of workplace pensions earned by seniors in the event of corporate insolvency