Poilievre says he’ll keep retirement age at 65 in play for boomers

Article content

Ottawa – Conservative leader Pierre Poilievre said his administration will maintain retirement age at 65 and delayed the mandatory RRSP withdrawal date by two years to attract baby boomers and Gen X voters.

Article content

Article content

“We are not going to raise the retirement age,” Poilievre said in a video announcement.

Article content

Poilievre’s retirement age and welfare guarantee marks a turnaround in the Stephen Harper government policy that controversially plans to gradually increase the age of OAS and GIS payment eligibility from 65 to 67.

Poilievre, a member of the caucus of former Conservative Prime Minister Stephen Harper, voted and spoke on the plan, and said in a 2012 House of Commons debate that “a significant increase in effective retirement age is needed” to keep Canada’s public pension system protested.

Justin Trudeau quickly reversed Harper’s retirement benefits restructuring plan after he became prime minister in late 2015, although experts estimate the change would save Ottawa $4 billion a year and allow for higher welfare spending.

Article content

The 45-year-old Poilievre is changing his tune, with economic uncertainty coming from pushing anxious baby boomers into the arms of sexual ancient liberal Mark Carney.

According to the 2021 census, baby boomers falling between the ages of 61 and 79 account for about one-quarter of Canada’s population.

Another 2.75 million Canadians are in the middle and high 1950s, the largest age group in the country.

Poilievre also promised to extend the mandatory withdrawal date of RRSP for two years, meaning older people will be able to continue to contribute to RRSP until age 73.

“Those who choose to increase their savings longer should have a chance. ” Poilievre said in a press release.

Conservative leaders are also working to increase the basic personal income tax exemption for working older people from $15,000 to $25,000, although Poilievre does not specify which age to start from. This means that income up to $25,000 will be exempt from federal taxes.

Article content

A campaign kickoff poll from Abacus shows that the Conservatives lead in every age group except in their 60s, and the Liberals have four advantages.

Since 2004, Canadians have the largest number of ages between 65 and 74 in each federal election.

According to the Canadian election, three-quarters of young people aged 65 to 74 voted in the last federal election in 2021, while Canada elected Canada elected the Canadian election, with only 53% of those aged 25 to 34 aged 25 to 34 aged 25 to 34 aged 25 to 34 aged 24 aged 35 to 44 aged 24 aged 25 to 34 aged 24 aged 34 aged 25 to 34 aged 24 aged 34 aged 25 to 34 aged 24 aged 25 to 34 aged 24 aged 25 to 34 aged 24 aged 25 to 34 aged 24 aged 25 to 34 aged 24 aged 25 to 34 aged 24 aged 25 to 34 aged 24 aged 25 to 34

Older voters tend to lean towards conservatives, liberals and the NDP attract younger crowds, but Poilievre resonates with millennials and Z by honing housing and affordability issues, turning this trend toward it.

Eric Lombardi, Toronto Consultants and Housing Advocates Who wrote about the inequality that has passed down from generation to generation in Canada said he was disappointed with Poilievre’s announcement about the retirement era, but was not surprised.

Article content

“(Poilievre) is smart enough to know that the baby boomers have the right to get what they deserve,” Lombardi said.

Lombardi added that Poilievre’s concession for retirement age would be an acceptable price to pay for younger, friendly housing policies under the Conservative government.

State Post
rmohamed@postmedia.com

Getting deeper national postal political coverage and analysis in the inbox of the newsletter with political hackers, Ottawa Bureau chief Stuart Thomson and political analyst Tasha Kheiriddin are all behind the scenes behind what actually happens every Wednesday and Friday. Register here.

Article content