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Newspaper
Chetwynd The Echo
Location
Chetwynd, British Columbia, Canada
Date
Nov 07, 1989
Page
14
In 1985 Brian Mulroney faced a united senior lobby across Canada and British Columbia protesting the de-indexation of fixed incomes. The movement secured a victory for pensioners though five years later the Conservative majority reduced space for senior concerns. The budget marked a renewed attack on seniors.
In the spring budget a universal pension plan was scrapped and a 3% clawback on pension income was introduced to target moderate and high income seniors. The policy would widen with future years as a $50,000 threshold loses value, ending universality. Critics warn GST will hit fixed incomes harder, while claims of tax credits for the poor are raised but contested.
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