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House Hansard - 144

44th Parl. 1st Sess.
December 8, 2022 10:00AM
Context: House Hansard - 144 - Dec/8/22
Mr. Kody Blois
  • Dec/8/22 5:01:23 p.m.
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Madam Speaker, I thank my hon. colleague for his question. I will try to answer in French. The Bloc is calling for an increase in old age security for people across Canada. My problem with the Bloc Québécois proposal is that, if the government increases benefits by 10% for all seniors in Canada, this represents an additional expenditure of $10 billion a year. It is essentially built-in spending. I am happy to have that conversation. It is a massive expenditure, especially with baby boomers coming across at the same time. In hindsight, the $3 billion that the government is spending every year, I would perhaps have liked to see that be for 65 and up and targeted on lower income, but we are promising to increase the guaranteed income supplement for those who are 65 and up, which will help to address that gap. It is fine to talk about spending for seniors, but we need an economic plan to make sure that as our baby boomers come through, we can actually afford it long term.
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