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View Bill Morneau Profile
Lib. (ON)
View Bill Morneau Profile
2020-04-11 15:31 [p.2134]
Mr. Chair, we very much recognize that seniors are facing in many ways more anxiety than any other Canadians because they are concerned about the health risks. We know they are also facing financial challenges, as the member pointed out, around their savings. That is the reason we changed the amount of money they were to bring out of their RRIFs, which is actually the same size measure done in the 2008-09 crisis.
However, we have done something more. The GST low-income tax credit hits a very large number of seniors. It is going to provide instant help for them, which we recognize is important. We will continue to work with the provinces to make sure our health care systems have the capability to meet this challenge at a challenging time.
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