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View Deb Schulte Profile
Lib. (ON)
Thank you very much. I want to say that it's very nice to be back in the committee forum with you. I really enjoyed working with you over so many years on the environment committee.
Those definitely are two things that we're hearing, along with many other suggestions that seniors are sending us and telling us they'd like us to consider. Those considerations that you have brought forward are ones that were being considered before the COVID pandemic. Obviously, for the government, our focus right now is to get money into the hands of seniors in need, especially our vulnerable seniors, to make sure they can deal with the very immediate cost increases they've seen, such as grocery and transportation costs going up and increases in medication dispensing fees. All of those things we've heard loud and clear, so the focus was to get the money into the hands of Canadian seniors who are in need right now.
On these other considerations, such as the stock market fluctuating up and down, we immediately addressed that with a 25% reduction in their mandatory withdrawals out of the RRIFs, and I have to say that we are keeping a close eye on what is going on with the market and also on seniors' needs across the country during this time.
We'll keep considering these suggestions and will keep them in mind as we move forward in dealing with the pandemic and its implications for and impacts on seniors.
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