Mr. Speaker, we know that Canada is facing major demographic changes. Our population is aging. Our birth rate is declining. Boomers are retiring in large numbers. People are living longer and healthier lives. By 2036, nearly 1 in 4 Canadians will be over the age of 65, compared to 1 in 7 today.

Just 40 years ago there were seven working-age Canadians for every person over the age of 65. Today there are only four. In less than 20 years, there will be only two. This has far-reaching repercussions on the sustainability of some of our benefits and programs. That is why the government is determined to ensure that programs, like old age security, continue to be there for Canadians, not just now, but in the future.

In 2012, changes were introduced to eligibility to ensure the program's future sustainability. The eligibility age to receive the OAS benefit and the guaranteed income supplement will gradually increase from 65 to 67, beginning in 2023 and will be fully implemented by 2029. This provides a significant transition period, allowing Canadians adequate time to adjust their retirement income plans to minimize the impact of these changes.

In the meantime, to help Canadians plan for financial security, Service Canada has updated the Canadian retirement income calculator. This online tool provides Canadians with important information on retirement income from a variety of sources, including old age security and the Canada pension plan.

We have also made changes to income security programs to provide Canadians with more choice and flexibility in regard to life, work and retirement. In addition, Canada's public pensions have played a major role in reducing the incidence of poverty among seniors.

The low-income rate for seniors has fallen from 21.4% in 1980 to 5.2% in 2011. This is one of the lowest rates in the industrial world. Together, the OAS pension and the GIS ensure a minimum income for seniors.

Last year, the OAS program provided nearly $42 billion in benefits to more than five million Canadians, including 1.7 million low-income pensioners. In recent years, we increased the GIS with an investment of $300 million per year. This is the largest increase for the lowest-income seniors in more than 25 years.

The Government of Canada is committed to doing everything we can to ensure that seniors in Canada enjoy the highest quality of life possible. We have cut taxes for seniors and removed hundreds of thousands of seniors from the tax rolls completely through topping up the GIS and introducing pension income splitting. We offer the targeted initiative for older workers, which assists unemployed older workers in upgrading their skills and gaining valuable experience to help them stay in the workforce.

The Government of Canada has taken other actions that benefit seniors, such as addressing affordable housing for low-income Canadians. In our last budget, the government reaffirmed its commitment to provide more than $1.25 billion over five years to renew the investment in affordable housing.

We increased funding for the new horizons for seniors program by nearly $5 million per year, in addition to the $45 million invested annually. This $5 million will be added on an ongoing basis.

Scott Armstrong

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Adjournment Proceedings

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