Single Seniors for Tax Fairness (SSTF) is a Canadian nationwide movement devoted to lobbying for revisions to the Income Tax Act to provide fairness and equity for single seniors, including lifetime single, widowed, divorced or separated seniors aged 65+. Our country's demographics are changing; however, and there are many seniors who are penalized because they are single. Numerous tax breaks are
available to senior couples, which allow them to take advantage of the system in ways that singles cannot. Since the cost of living for one person is approximately two thirds what it is for a couple, maintaining a decent standard of living for many singles is a challenge.
Also, seniors who have never/don't own a home face extremely high taxes upon upon death. For example, those who leave an estate of $1 million in cash and securities as a legacy will lose 50% of their money to taxes, while seniors who leave a home valued at $1 million leave a legacy that is tax free. It's unfair that seniors who never invested in a home should lose half their life savings because they did not enter the housing market.
Our goal is to raise awareness about the unfairness faced by single senior non-home owners. It's time that our tax system treats everyone fairly.
