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Carney unveils year-long plan to support retirees amid trade war [View all]
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Carney announced in Victoria on Monday that he will lower the minimum amount that must be withdrawn from a Registered Retirement Income Fund by 25 per cent.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/
Carney announced in Victoria on Monday that he will lower the minimum amount that must be withdrawn from a Registered Retirement Income Fund by 25 per cent.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.
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