Canada

GardenGnome

(91 posts) Mon Apr 7, 2025, 07:39 PM Apr 7

Carney unveils year-long plan to support retirees amid trade war

Liberal Leader Mark Carney is promising temporary supports to help retirees cope with U.S. tariffs that are punishing markets around the globe.

Carney announced in Victoria on Monday that he will lower the minimum amount that must be withdrawn from a Registered Retirement Income Fund by 25 per cent.

...

Carney also pledged to boost the Guaranteed Income Supplement by five per cent to help low-income seniors.

The Liberal party says that measure would provide those seniors with up to $652. Both the GIS and investment measures would last for only a year.

...

https://nowtoronto.com/news/carney-unveils-year-long-plan-to-support-retirees-amid-trade-war/

Right now, more than ever, I'm grateful to live in Canada where the government believes their job is to make life work for all Canadians, not just the ones with a whole lot of money.

6 replies

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Carney unveils year-long plan to support retirees amid trade war (Original Post) GardenGnome Apr 7 OP

Trump will either ignore retirees or tell us to go get a job. Irish_Dem Apr 7 #1

Yep GardenGnome Apr 7 #2

Once SS and IRAs are cut or gone, retirees have nothing to lose any more. Irish_Dem Apr 7 #3

He'll just agree we're worthless eaters slightlv Apr 7 #4

Not fair to the billionaires who deserve tax cuts paid for with our SS. Irish_Dem Apr 8 #5

Reminds me of an old Star Trek episode. Irish_Dem Apr 8 #6

Irish_Dem

(68,464 posts)

1. Trump will either ignore retirees or tell us to go get a job.

Reply to GardenGnome (Original post)

Mon Apr 7, 2025, 07:40 PM

Apr 7

GardenGnome

(91 posts)

2. Yep

Reply to Irish_Dem (Reply #1)

Mon Apr 7, 2025, 07:43 PM

Apr 7

And the first job of all American retirees should be to kick him out of office.

Irish_Dem

(68,464 posts)

3. Once SS and IRAs are cut or gone, retirees have nothing to lose any more.

Reply to GardenGnome (Reply #2)

Mon Apr 7, 2025, 07:46 PM

Apr 7

Should get interesting.

slightlv

(5,403 posts)

4. He'll just agree we're worthless eaters

Reply to Irish_Dem (Reply #1)

Mon Apr 7, 2025, 11:12 PM

Apr 7

and command us to "die early"... like "right now"... saying it's not fair to the younger generations that we're taking up so much time, space, and money that should belong to the future.

Irish_Dem

(68,464 posts)

5. Not fair to the billionaires who deserve tax cuts paid for with our SS.

Reply to slightlv (Reply #4)

Tue Apr 8, 2025, 06:52 AM

Apr 8

Yes not fair to anyone that old people live.

Irish_Dem

(68,464 posts)

6. Reminds me of an old Star Trek episode.

Reply to slightlv (Reply #4)

Tue Apr 8, 2025, 06:55 AM

Apr 8

The Enterprise landed on a nice planet with a terrible quirk.

When people reached a certain age they had to be killed.
If the older person didn't go quietly to be killed,
it brought great shame to the family. They could not bear
the humiliation so the older person had to do "the right thing"
and go to their death.

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