FSNA Comments on Budget 2009
Press Release - Ottawa, Ontario–(Marketwire - Jan 28, 2009) - Members of the National Association of Federal Retirees (FSNA) welcome the tax relief announced in Budget 2009. Lower and middle income seniors will benefit modestly from the adjustment to the personal tax exemption, the changes to the thresholds of the two lowest income tax bands, and the increase of $1000 in the age exemption.
Lower income seniors will also benefit from the improvements to the Working Income Tax Benefit which will allow them to retain more of their work-related earnings.
“We are disappointed, however, that Mr. Flaherty did not change his stance on the issue of annual minimum withdrawals from RRIFs”, said FSNA National President Dennis Jackson. He continued, “By sticking with the previously-announced one-time 25% reduction to the annual withdrawal the Minister of Finance has missed an opportunity to meaningfully assist some seniors by simply deferring tax income for the government.”
FSNA supports the $500 million for Canada Health Infoway to further develop and implement electronic health records for all Canadians. This technology will significantly support seniors and help them move through the often complex Canadian health care system.
About FSNA
FSNA is the largest and most influential advocacy group for federal retirees. As a not-for-profit association with more than 165,000 members, FSNA is recognized by the Government of Canada as the major representative of pensioners – and their partners, and survivors - from the Public Service, Canadian Forces and the Royal Canadian Mounted Police and of retired federally appointed judges. FSNA’s mission is focused on protecting the interests and improving the benefits of pensioners.
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For further information:
Francis Bowkett
FSNA Executive Director
T: 613 745-2559
F: 613 745 5457
bowkett@fsna.com
www.fsna.com
