Are you prepared to give up $13,000 during your golden years? Prime Minister Stephen Harper thinks you are. That’s what the average Canadian will have to give up thanks to the federal budget introduced by the Conservative Party last week.
The budget cuts retirement benefits by raising the age of eligibility for Old Age Security and the Guaranteed Income Supplement from 65 to 67 years, forcing Canadians to postpone their retirement for two years.
For low income seniors it’s even worse. They stand to lose up to $30,000.
It’s a massive hit to the least well off. It’s mean-spirited and it’s wrong.
The Conservatives offered zero financial analysis to justify the cut because there is none. The OECD, the parliamentary budget officer and other leading experts have all confirmed that Canada does not face a pension crisis.
The Conservatives are also using the budget to make deep ideological cuts. They are cutting $7.5 million from the chief electoral officer of Canada, $6.7 million from the auditor general of canada and $320 million from international development aid.
How skewed are these priorities? Take a look at what the government is not cutting: polls, advertising, bigger jails and stealth fighters.
Canadians should be asking Stephen Harper how he can justify such a small-minded Canada.
leader of the Liberal Party of Canada
Posted by Laurel Myers