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Decentralized Democracy

House Hansard - 62

44th Parl. 1st Sess.
May 2, 2022 11:00AM
  • May/2/22 3:07:14 p.m.
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Mr. Speaker, record inflation under the government affects not only Canadian seniors but their children too. With two children in university, an all-too-familiar Alzheimer's diagnosis forced a family in my riding to dip into their meagre retirement savings to support their loving father in his time of need. This is a reality that far too many Canadian families are experiencing. Informal caregivers are the backbone of this care economy. What specific measures will the government be introducing to help young families care for their aging parents?
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  • May/2/22 3:07:57 p.m.
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Mr. Speaker, I want to thank the hon. colleague for the question. When it comes to supporting Canada's seniors, budget 2022 provided great news, including $5.3 billion over five years for dental care; engaging with experts on creating a career extension tax credit; creating an expert panel to study the idea of an aging at home benefit; doubling the qualifying expense limit of the home accessibility tax credit; $1.5 billion to extend the rapid housing initiative, creating at least 6,000 new affordable housing units; and, finally, $475 million to provide a one-time $500 payment to those, including seniors, who are facing housing affordability challenges.
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  • May/2/22 11:08:36 p.m.
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  • Re: Bill C-8 
Madam Speaker, I am not an economist, but I am pretty sure that we will not fix the inflation problem by extolling the virtues of cryptocurrency. There is one thing I do know, which is that seniors are always the first to suffer as a result of inflation. Their purchasing power has not increased, although groceries, gas, prescription drugs and housing costs have all gone up. Everything has gone up. The only thing that has not increased is their old age pension, because the government is incapable of being there for seniors. The government has created two classes of seniors: those aged 75 and over, who got something, and those aged 74 and under, who got nothing. Does inflation affect those under 74 any less? I do not think so.
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