Support for Low-income Seniors
All seniors deserve a secure and dignified retirement. One of the first things we did as Liberals was restore the age of eligibility for Old Age Security and the Guaranteed Income Supplement to 65 years from 67 years, putting thousands of dollars back into the pockets of seniors and reversing a Conservative policy that targeted retirees, including the most vulnerable. Our change prevented 100,000 seniors from plunging into poverty every year. We also increased the Guaranteed Income Supplement for single seniors by up to $947 annually.
Many seniors are living longer and relying on monthly benefits to afford retirement. And some seniors continue to be at heightened risk of living with a low income.
A re-elected Liberal government will:
- Move forward with our plan to boost the OAS by 10% next year for seniors 75 and over.
- Increase the GIS by $500 for single seniors and $750 for couples, starting at age 65.