Liberals confirm to CARP that Liberals will not reverse pension income splitting



    TORONTO, Oct. 3 /CNW/ - In a telephone call at noon today, Liberal
Seniors Critic Carolyn Bennett confirmed to CARP that the Liberal Party has no
intention whatsoever of reversing pension income splitting.
    In news releases and media coverage, there have been comments attributed
to Liberal candidates that question the value of pension income splitting,
something that CARP advocated and secured from the Conservative government in
the last federal budget.
    CARP issued the attached news release this morning which asked "Will Dion
sacrifice pension income splitting to finance green shift scheme?
    CARP spoke with Dr. Carolyn Bennett, Seniors Critic for the Liberal Party
and obtained the following clarification:
    "I can confirm to CARP members and all Canadian pensioners that the
Liberal Party has absolutely no intention of reversing pension income
splitting. We are well aware of the anxiety that retirees who depend on their
pension income will be feeling in this market turmoil and we would not add to
their anxiety", said Dr, Carolyn Bennett, Seniors Critic for the Liberal
Party.
    "That official clarification comes as a welcome reassurance for our
members and anyone who is watching their retirement savings disappear in this
market crisis. The thought that the hard won tax benefit that CARP advocated
for to ease the financial burdens for pensioners would be removed was more
than they could accept", said Susan Eng, Vice President, Advocacy of CARP
which has been getting calls and emails from worried pensioners.
    "It is bad enough that none of the federal parties have proposed any real
solution to the current market turmoil without this added threat. All
Canadians who have investments or depend on pension income are concerned but
especially those who are retired or close to retirement because they do not
have other income to replace what is lost." added Eng.
    CARP has also called on the political leaders to detail their plans to
protect Canadians' financial security especially retirement security amid the
current market turmoil. For copies of that media release and background
information, please visit:
http://www.carp.ca/article_display.cfm?documentID=3320

    CARP is a national, non-partisan, non-profit organization committed to
advocating for a New Vision of Aging for Canada which means social change that
will bring financial security, equitable access to health care and freedom
from discrimination; ensuring that the marketplace serves the needs and
expectations of our generation and providing value-added benefits, products
and services to members; and building a sense of community and shared values
among our members in support of CARP's mission.


    
    News release: October 3, 2008

    Will Dion sacrifice pension income splitting to finance green shift
    scheme?
    

    Accused by Mr Harper during the English debate of voting against pension
income splitting, Mr Dion indicated he had something much better for
Canadians. BUT, why should pensioners have to shoulder the major burden of Mr
Dion's Green Shift?
    President Lyndon Johnson once said, "Politicians must learn how to count"
In commentary after the French language debate, a Liberal spokeswoman said
pension splitting only benefited 12% of Canadians. She forgot that Pension
splitting received a 70% approval in a poll held after the legislation was
passed in 2007, the largest for any legislation in a decade.
    Pension splitting also applies RRSPs and impacts those who save for
retirement. Dion's ill-conceived gambit would torpedo the retirement plans for
the vast majority of hard working Canadians and their spouses.
    Seniors are willing to do their part but they should not be sacrificed at
the green shift alter.
    Already hammered by evaporating nest eggs by market chicanery, this
represents the worst kind of lopsided scheming by a political party.
    The Liberal leader must remove this threat or suffer the consequences at
the polls.

    
    www.carp.ca follow link to Georgian Bay

    Dan Braniff
    Chair, Georgian Bay Chapter, CARP
    Founder, Common Front for Retirement Security, CFRS
    (21 organizations representing 2 million Canadians)
    





For further information:

For further information: Michelle Taylor, Communications Coordinator for
Susan Eng, Vice President Advocacy, CARP, A New Vision of Aging for Canada,
(416) 363-7023 x. 236 or visit our website: www.carp.ca

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