CARP
May 24, 2013

Welcome to the special Ontario 2009 Budget Edition of CARP Action Online! We've just returned from the budget lockup and we have got the details.

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Tax Relief

As announced in the 2008 Ontario Budget, the Ontario Senior Homeowners' Property Tax Grant is providing up to $250 to help low- to middle-income senior homeowners pay their 2009 property taxes. Read more.
  
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Ontario Budget 2009: $1000 cheques hide tax grab

People planning how they will spend their $1000 cheque from the provincial government will have to think twice. First not everyone gets the $1000. Families with 2 or more people, this includes single parents, will get the $1000. Single people, including those 65plus, only get $300 – and it’s spread over 3 payments.Read more.
  
Ontario Budget 2009: Unlocking LIFs – increased from 25% to 50%

The good news for older Canadians who have locked in funds [LIFs] is that they will now be able to unlock up to 50% of their LIFs, up from the limit of 25%. CARP has called for full unlocking to allow people to access their own money, especially in these difficult economic times. Read more.
  
Submit your Nominations for CARP’s 25th Anniversary “Top 25 Canadians Award”

Submit your Nominations for CARP’s 25th Anniversary “Top 25 Canadians Award” “I can think of a dozen people who could be nominated” says General Richard Rohmer. Gail Hinchliffe says she too can think of several people deserving of the honour. And Dr. Colin Powell, who practices Geriatric Medicine at Rockyview General Hospital in Calgary, says he meets people on a weekly basis who are worthy of the nomination. Read more.
  
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Ontario Budget 2009: Pension reform proposals recognize need to protect retirees and broader access to pension plans

The proposals for pension reform are responsive to the calls for urgent reform and balancing the interests of employers and employees. For example the temporary funding relief requires the approval of plan beneficiaries which includes retirees, to extend the solvency payment schedule. Read more.
  
Ontario Budget 2009: No Major Gains in Healthcare

There are no major healthcare gains for older Canadians in this budget.Read more.
  
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