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View Mona Fortier Profile
Lib. (ON)
View Mona Fortier Profile
2020-04-20 18:35 [p.2226]
Madam Chair, we do care about seniors, and we want them to know that they are not alone during these very unprecedented times. As members know, to help protect the financial security of seniors, our government passed several new measures, including providing a supplementary payment under the GST credit for those with low and modest incomes, of close to $400 per adult and $600 per couple. We also reduced mandatory withdrawals from registered retirement income funds by 25%. This will help preserve RRIF assets during this volatile market. Allowing any new taxes owing to be deferred until August 31 and extending the deadline to file income taxes until June 1 are other measures.
We will continue to work toward helping seniors during this very difficult time.
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