March 25, 2019 - Napanee, Ontario - Agriculture and Agri-Food Canada
Over the course of their lives, seniors have made tremendous contributions to their
communities right across Canada – and carry with them a wealth of knowledge, experience
and skills they can continue to contribute today.
Today, Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, and Mike Bossio,
Member of Parliament for Hastings- Lennox and Addington were in Napanee, Ontario
to highlight Budget 2019, Investing in the Middle Class. The Budget details how
the Government is making sure middle class Canadians benefit from Canada's economic
growth. That includes helping more Canadians find an affordable home, prepare for
well-paid jobs, retire with confidence and afford prescription drugs when they need
Speaking at an event with seniors Minister Bibeau and MP Bossio highlighted how
investments in Budget 2019 would help support Canadian seniors' active participation
in society, and build on efforts to strengthen the retirement security of Canadians
so they can enjoy a secure and dignified retirement after a lifetime of hard work.
Through Budget 2019, the Government proposes to:
- Make retirement more financially secure for seniors who wish to work by enhancing
the Guaranteed Income Supplement (GIS) earnings exemption so they can keep more
of their hard-earned income.
- Ensure Canadian workers receive the full value of their pension by proactively enrolling
Canada Pension Plan (CPP) contributors who are 70 years old or older and who have
not yet applied to receive their retirement pension.
- Enhance the security of workplace pensions through new measures that better protect
pensions in the event of corporate insolvency, giving Canadians greater peace of
mind when it comes to their retirement.
- Promote the inclusion and full participation of vulnerable seniors in society by
increasing funding to the New Horizons for Seniors Program, supporting projects
that provide new equipment for seniors' centres, offer financial literacy classes,
create volunteer opportunities and more.
With these new measures, Budget 2019 builds on the Government's record of strengthening
the retirement security of Canadians so that they can worry less about making ends
meet and enjoy the secure and dignified retirement they deserve.
"Older Canadians have worked hard to support their families, build strong communities
and grow our economy. Their knowledge, skills and experience are the cornerstones
our businesses and country were built on. With Budget 2019, we are recognizing the
contributions made by seniors, including those right here in Napanee, by strengthening
their connections with their communities, and providing support to those who choose
to stay in the workforce. We are also ensuring the pensions they have worked so
hard to build up over their lives are more secure." Marie-Claude Bibeau, Minister
of Agriculture and Agri-Food
"I am proud to be part of a government that not only listens, but acts. Our seniors
built this country, and it is our duty to see that they have the security in retirement
that they deserve. Programs introduced in Budget 2019 include new investments to
help make retirement more financially secure for more Canadians—helping seniors
keep more money in their pockets, receive the benefits they are entitled to, protect
their workplace pensions and stay active and involved in their communities. These
new measures will have significant impacts for all seniors living in Hastings—Lennox
and Addington. " Mike Bossio, Member of Parliament for Hastings- Lennox and Addington
Since 2016, the Government of Canada has established a proven record of strengthening
the retirement income security of Canadians, including:
- Appointing a Minister of Seniors to help better understand the needs of older Canadians
and ensure programs and services are designed to respond to those needs.
- Boosting benefits for nearly 900,000 low-income seniors and lifting about 57,000
out of poverty by increasing GIS top-up payments for Canada's most vulnerable seniors.
- Restoring the eligibility age for Old Age Security and GIS benefits to 65, putting
thousands of dollars back in the pockets of Canadian seniors.
- Increasing benefits for couples who receive GIS and Allowance benefits and have
to live apart for reasons beyond their control.
- Enhancing the CPP, which will raise the maximum CPP retirement benefit by up to
50 per cent over time, by working in collaboration with provincial partners. This
will provide today's and future Canadian workers with greater income security when
they retire and will significantly reduce the risk of under-saving for Canadian