Pensions/Seniors

New Democratic Party

Create a Pension Advisory Commission to develop a long-term plan to protect and enhance Old Age Security, boost the Guaranteed Income Supplement, and strengthen the Canada Pension Plan.

Make automatic enrolment in OAS and GIS retroactive, so no retiree misses out on benefits that they should be receiving, and support efforts to make sure Canadians have good retirement financial literacy.

Source: https://www.ndp.ca/better-care


Conservative Party

 

Increase the Age Credit by $1,000 per year, per senior. With this measure, an individual aged 65 and over earning up to $37,790 would receive up to $150 more per year.

Source: https://www.andrewscheer.ca/en/platform/more-money-in-your-pocket#foryourretirement


Liberal Party

 

Increase old age security benefits by an extra 10 per cent once seniors reach age 75.

Increase the benefit paid to surviving spouses through the Canada Pension Plan and the Quebec Pension Plan by 25 percent.


Source: https://2019.liberal.ca/wp-content/uploads/sites/292/2019/09/More-generous-support-for-seniors-and-widows.pdf


Green Party

 

Ensure the Canada Pension Plan (CPP) remains robust and adaptive to changing needs and circumstances by increasing over time the target income replacement rate from 25 per cent to 50 per cent of income received during working years.

Source: https://www.greenparty.ca/en/platform/renew-social-contract#respecting-and-supporting-seniors