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BREAKING: Lower taxes for seniors.

1. Allow working seniors to earn up to $34,000 tax free–$10k more than now
2. Allowing seniors the option of keeping savings growing in RRSPs until age 73, up from 71
3. Protect OAS, GIS & CPP by keeping retirement age at 65.

Sign if you

In a significant development for seniors, Canadian politician Pierre Poilievre has announced a proposal aimed at reducing taxes and enhancing financial security for older citizens. This initiative comprises three key components designed to alleviate the financial burden on seniors while encouraging them to remain active in the workforce.

### Lower Taxes for Seniors: Key Highlights

#### 1. Increased Tax-Free Earnings
The first major aspect of the proposal allows working seniors to earn up to $34,000 tax-free, an increase of $10,000 from the current limit. This change is poised to provide seniors with greater financial freedom, enabling them to supplement their retirement income without facing additional tax burdens. By encouraging seniors to remain in the workforce, this initiative aims to foster economic participation and promote a sense of purpose among older adults.

#### 2. Extended RRSP Contribution Age
The second component of Poilievre’s plan permits seniors to keep their savings growing in Registered Retirement Savings Plans (RRSPs) until the age of 73, extending the previous limit of 71. This extension is particularly beneficial for those who wish to delay withdrawing their savings, allowing their investments to grow for a longer period. This strategic move not only helps seniors maximize their retirement savings but also provides them with more flexibility in managing their financial assets.

#### 3. Protection of Key Benefits
Lastly, the proposal seeks to protect crucial benefits for seniors, including Old Age Security (OAS), Guaranteed Income Supplement (GIS), and Canada Pension Plan (CPP) by maintaining the retirement age at 65. This aspect of the plan emphasizes the importance of safeguarding the financial security of seniors who rely on these benefits as a critical source of income. By ensuring that the retirement age remains unchanged, the proposal aims to provide stability and predictability for seniors during their retirement years.

### Why This Matters
The proposed tax relief for seniors is essential as it addresses the financial challenges many older Canadians face. With the cost of living continuously rising, many seniors find it increasingly difficult to make ends meet. By allowing for higher tax-free earnings and extending the RRSP contribution age, this initiative provides a much-needed lifeline, empowering seniors to take control of their financial futures.

Moreover, the protection of OAS, GIS, and CPP ensures that seniors can maintain their standard of living without the fear of losing vital benefits. This proposal is a step in the right direction, acknowledging the contributions seniors have made to society and the economy over their lifetimes.

### Conclusion
In conclusion, Poilievre’s proposal for lower taxes for seniors is a comprehensive approach to enhancing the financial well-being of older Canadians. By increasing tax-free earnings, extending RRSP contributions, and protecting essential benefits, this initiative not only supports seniors in their retirement years but also encourages their continued participation in the workforce. As more details emerge, it will be crucial to engage with the community and gather support for these vital changes that could significantly impact the lives of many seniors across Canada.

For more information and to support this initiative, you can follow the developments on social media platforms like Twitter.

BREAKING: Lower taxes for seniors.

1. Allow working seniors to earn up to $34,000 tax free–$10k more than now
2. Allowing seniors the option of keeping savings growing in RRSPs until age 73, up from 71
3. Protect OAS, GIS & CPP by keeping retirement age at 65.

Sign if you… pic.twitter.com/EPzfl2rLFW

— Pierre Poilievre (@PierrePoilievre) March 26, 2025

BREAKING: Lower Taxes for Seniors

Seniors are an essential part of our communities, and it’s about time they get the support they deserve. The recent proposal to lower taxes for seniors is making waves, and it’s an exciting development for many. So, what does this mean for our beloved seniors? Let’s break it down!

1. Allow Working Seniors to Earn Up to $34,000 Tax Free – $10K More Than Now

Imagine being able to earn more without the burden of taxes weighing you down! This new proposal allows working seniors to earn up to $34,000 tax-free. That’s an increase of $10,000 from the previous limit. For many seniors, this means extra cash in their pockets, which could make a significant difference in their quality of life.

This change is particularly beneficial for those who want to stay active in the workforce. Seniors often have a wealth of experience and knowledge to offer, and this adjustment acknowledges that. It encourages them to continue contributing to the economy while also securing their financial well-being.

If you want to read more about how this affects seniors, check out the [Canadian Government’s official site](https://www.canada.ca/en/services/taxes.html).

2. Allowing Seniors the Option of Keeping Savings Growing in RRSPs Until Age 73, Up from 71

Retirement savings can be a tricky business, especially when it comes to Registered Retirement Savings Plans (RRSPs). The new proposal also allows seniors to keep their savings growing in RRSPs until the age of 73, an increase from the current age of 71. This is a fantastic opportunity for seniors to maximize their retirement savings and ensure they have a comfortable nest egg.

By extending the timeline for RRSP contributions, seniors can benefit from tax-deferred growth on their investments for an additional two years. This means more time for their savings to compound and grow, which can make a significant difference when it comes to financial security in retirement.

For those interested in understanding more about RRSPs and their benefits, check out the [Canada Revenue Agency’s guidelines](https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/employers-guide-rrsp-deductions.html).

3. Protect OAS, GIS & CPP by Keeping Retirement Age at 65

Another crucial aspect of this proposal is the commitment to protect Old Age Security (OAS), Guaranteed Income Supplement (GIS), and Canada Pension Plan (CPP) benefits by maintaining the retirement age at 65. This is a relief for many seniors who rely on these programs to support their living expenses.

Keeping the retirement age at 65 ensures that seniors can access their benefits without any unnecessary delay. In a world where financial stability can feel elusive, this measure provides peace of mind to those who have worked hard throughout their lives.

Seniors shouldn’t have to worry about when they can access the benefits they’ve earned. The assurance that these programs are protected is a step in the right direction for improving the financial landscape for older Canadians. For further details on these benefits, visit the [Government of Canada’s benefits page](https://www.canada.ca/en/services/benefits.html).

Sign If You Support These Changes!

If you’re excited about the prospect of lower taxes for seniors and the other proposed changes, you can make your voice heard! Signing petitions or reaching out to your representatives can help ensure these changes come to fruition. It’s all about advocating for our seniors and making sure they have the financial security they need and deserve.

This proposal is a fantastic step toward acknowledging the contributions of seniors and ensuring they can live their golden years comfortably. Whether it’s through increased tax-free earnings, extended RRSP contributions, or protected benefits, these changes are designed to improve the lives of many.

For more information and to show your support, you can visit the [official campaign page](https://t.co/EPzfl2rLFW).

Wrapping It Up

In summary, the recent proposal to lower taxes for seniors is more than just a headline; it’s a meaningful change that can significantly impact the lives of many. With the ability to earn more tax-free, extended savings options, and protection of essential benefits, this initiative is set to empower seniors across the country.

Let’s rally together to support this proposal and advocate for the financial wellbeing of our aging population. After all, they’ve spent a lifetime contributing to our society, and it’s time we give back in a meaningful way!