ONTARIO – One of the most challenging feelings is a total lack of security. There are no more company benefits to aid in cutting the cost of prescriptions and hospital treatment. Seniors are affected the most by the high value of medication.
Steven Del Duca recognizes the plight of seniors with his new election promise to add up to $1,000 more per year to the amount received by existing pensioners through Ontario’s Guaranteed Annual Income System (GAINS).
“Helping seniors stay safe in their homes will be a top priority of a Liberal government. Like a lot of Ontarians, higher living costs are making it harder for seniors on a fixed income to make ends meet. We will help seniors by doubling the maximum monthly payment through the Guaranteed Annual Income System and ensuring more seniors qualify for this help,” Del Duca said.
The Ontario Liberal plan would also increase the eligibility threshold to $25,000 for single seniors or $50,000 for couples.
“The changes I am announcing today will make a real difference in the quality of life for a lot of seniors,” Del Duca said. “Doug Ford and his Conservatives have turned their backs on seniors; from the horrific conditions we witnessed in long-term care to the healthcare backlogs and rising prices across the province, life isn’t getting easier under Doug Ford.”
However, the Ontario Liberals estimate enhancements for their pension boost will cost about $250 million annually.
GAINS currently provides up to $83/month ($996 annually) and is available to seniors eligible for Old Age Security with annual incomes of up to $23,904 annually for single seniors or up to $47,808 for senior couples. Income includes CPP, private pensions and bank interest.
