Hon. Alice Wong, P.C.

On April 4, 2012, Alice Wong answered one question about pensions during question period. The following is a transcript:

Mr. Mike Wallace (Burlington, CPC):
Mr. Speaker, our government understands the importance of a secure and dignified retirement for people who have spent their lives building Canada through hard work. That is why in 2006, we have taken action to ensure that retirement income is sustainable and is there when Canadians need it.

Will the Minister of State for Seniors please update the House on the measures we are taking to ensure that Canadians’ retirement income is sustainable today and tomorrow?

Hon. Alice Wong (Minister of State (Seniors), CPC):
Mr. Speaker, I would like to thank the member for Burlington for the question. That is exactly what we are doing.

That is why, since 2006, we have introduced such measures as pension income splitting, billions in annual tax relief for seniors and the largest GIS increase in 25 years.

But we also need to ensure that future generations can count on sustainable retirement benefits when they need them. Changes made to OAS will be phased in between 2023 and 2029, giving Canadians up to 17 years to plan and adjust accordingly. No current recipients will be affected. That is the good message for all Canadians.

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