John McCallum at the Government Operations and Estimates Committee

On February 13th, 2012. See this statement in context.

February 13th, 2012 / 3:55 p.m.

Liberal

John McCallum Liberal Markham—Unionville, ON

Thank you, Mr. Chair.

Thanks to both of you for being here with us today.

My first question has to do with the timing of the costs as compared with the timing of the savings. I notice that on page 21 you have the timeframe going out as far as the year 2026. I would have thought that the costs would generally precede the benefits. In order to make the changes, one needs to spend money in the earlier years.

Would it be true that in the earlier years there's a net cost and that at some point the benefits exceed the costs? If so, how many years out do you go before the benefits start to exceed the costs?

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