From G & M:
"Ottawa signals increase to benefits for low-income seniors"
The coming federal budget will include measures aimed at helping low-income seniors, Finance Minister Bill Morneau said Wednesday. The Liberal platform promised a 10-per-cent increase to the Guaranteed Income Supplement payment for single, low-income seniors and Mr. Morneau is suggesting a move in this direction is coming soon. The pledge, when combined with a related promise to change the way seniors’ benefits are increased with inflation, is estimated to cost more than $1-billion a year once fully implemented by 2020. In response to a question in the House of Commons about the GIS promise, the minister said the government is “looking towards measures in Budget 2016 that will help those Canadians who are currently retired and facing a difficult situation.”
The GIS is an additional payment under the Old Age Security Pension program that is available to low-income seniors. The Liberal platform said its GIS reforms would provide almost $1,000 a year in additional money to about one million seniors.
^ Canada, and every country around the world, needs to do more for certain groups of people that have long been neglected or over-looked. Those groups include: seniors, the disabled and veterans. Hopefully, these proposed senior benefits will go from paper to deposits soon. ^
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