- Poilievre says he'll keep retirement age at 65 in play for boomers
OTTAWA — Conservative Leader Pierre Poilievre says his government would hold the retirement age at 65 and delay the mandatory RRSP withdrawal date by two years in a bid to attract baby boomer and older Gen X voters.
“We will not raise the retirement age,” Poilievre said as he committed that Old Age Security (OAS), Guaranteed Income Supplement (GIS) and Canada Pension Plan (CPP) payments will continue to start at age 65 under a Conservative government.
Poilievre also promised to extend the mandatory withdrawal date for RRSPs by two years, meaning seniors would be able to keep contributing to their RRSPs until 73.
On top of that, Poilievre committed to boosting the basic personal income tax exemption for working seniors to $25,000 from $15,000, though Poilievre did not specify the age at which it would start. That means that income up to $25,000 will be exempt from federal tax on top of any other tax deductions for seniors.