Affected by the Conservatives’ changes to Old Age Security: Municipal property tax programs for seniors

Picture of Ted HsuI’m about to pay my City of Kingston 2012 interim property tax bill and noticed three programs to help low income seniors manage their property tax bills — the Seniors Property Tax Grant Program, Tax Deferral Program, and Tax Increase Deferral Program for Assessment Related Increases. All three programs apply to seniors receiving the Guaranteed Income Supplement. If the age to qualify for Old Age Security is increased from 65 to 67, that will also push back the age at which G.I.S. kicks in. The two are tied together. Increasing the age at which seniors qualify for OAS may also affect their property taxes.

We’ll have to look very carefully to find out the full implications of any proposal the Conservatives make to change Old Age Security.

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