Friday, November 26, 2010

Seniors threatened by changes to income support

The Globe and Mail:

Low-income Canadian seniors could be driven into poverty next summer when they find out Ottawa has cut their federal income support.

Some are poised to lose a key part of their monthly income because of a new policy approved by the federal government without public notice, according to internal guidelines obtained by The Globe and Mail.

The rules change the way lump-sum withdrawals from Registered Retirement Income Funds affect Guaranteed Income Supplement payments
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